Financial
Revenue up 29% to US$591 million (1H 2016: US$458 million) on higher iron ore prices and pellet premiums
Underlying EBITDA up 79% to US$287 million (1H 2016: US$160 million) on higher revenue and tightly controlled costs
1H 2017 underlying EBITDA margin 49% vs. 34% in 1H 2016
Profit before tax up US$149 million to US$241 million (1H 2016: US$92 million)
Net cash flows from operating activities up 37% to US$194 million (1H 2016: US$142 million)
US$163 million of debt repaid in 1H 2017, including a US$50 million prepayment of PXF debt
Net debt of US$481 million at lowest level 2012 (31 December 2015: US$589 million; 30 June 2016: US$753 million)
Net debt to last twelve months EBITDA 0.96x (30 June 2016:2.5x; 31 December 2016: 1.57 x)
Available liquidity as of 30 June 2017 in line with 31 December 2016 at US$143 million (31 December 2016: US$145 million)
Dividend of 3.3 US cents declared (1H 2016: nil)
