Note: Normal Platts 62% iron-ore index price does not reflect the spread for high-medium grade iron ore to the normal Platts 62% iron-ore index price. The strong demand for the higher-grade material from end-users in China impact the spread between the 65%-Fe and 62%-Fe Iron Ore Index CFR North China. For the type of iron ore concentrate that the Kami Project will produce (in the order of 65% Fe), there is already a significant spread to the normal Platts 62% iron ore index price, that, on September 1, 2017, was pegged at US$23.50 per tonne.
Source: Platts Iron Ore Index
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