Strategic Minerals Plc, the magnetite iron ore producer and exploration company has announced its interim results for the six months ended June 30th 2012.

Financial highlights are:

First revenues generated by the Company
Loss of GBP 1,217,000 incurred
Loss per share decreased to 0.29 pence per share from 0.96 pence in 2011

Operational highlights:

Rail rehabilitation at the Cobre Mine in New Mexico completed
Unit train shipments of magnetite to port commenced
Facilitating export sales
Evaluation of Australian exploration assets nearing a conclusion

Source - Strategic Minerals plc

(www.steelguru.com)