It is reported that BC Iron has beaten guidance and shipped about 1.1 million tonnes of iron ore in the first half.

The company which is one of Australia's larger junior iron ore miners, sent two full cape size vessel shipments this month from Port Hedland to China. The amount is slightly ahead of the one million tonne export guidance for the first half of 2012.

Mr Mike Young BC Iron managing director said the company was on track to achieve two other targets including raising its production rate to five million tonnes and exporting 3.5 million tonnes in the 2011/12 financial year.

He said BC Iron would realise positive cash flow in the December 2011 quarter.

The company began exports this year using joint venture partner Fortescue Metals Group as its port and rail provider.

(Sourced from www.skynews.com.au)