Metal Bulletin Launches New Lump Premium

24^th May 2013

Metal Bulletin today announced that it will publish a new reference price for the physical iron ore market. The new price will represent the premium that Australian lump material achieves on a spot basis over the benchmark 62% fines index.

The new reference price addresses the requirement in the iron ore lump market for an independent, robust and representative price for the international iron ore spot market.

Metal Bulletin already publishes six individual iron ore indices. On a daily basis Metal Bulletin publishes a 62% Fe Fines Index, a 58 %Fe Fines Index and a 58% Fe high-specification premium. On a weekly basis Metal Bulletin publishes a 65% Fe Blast Furnace Pellet Index and a 66% Fe Concentrate Index and on a monthly basis a Value-In-Use Index representing the $/Fe differential.

All the Metal Bulletin iron ore indices are available at www.mbioi.com

The Metal Bulletin Lump Premium (MBIOI-LP) is published daily and the calculation includes spot transactions of Australian lump iron ore. The premium is published in cents per dry metric tonne units (c/dmtu) and it represents the premium that Australian lump ore has achieved in the spot market over the established 62% Fe Fines Index.

Raju Daswani, Managing Director – Metal Bulletin, said "We are delighted to build on our established and leading index methodology with the launch of a new iron ore index product in addition to the strong portfolio of prices already being published by Metal Bulletin for this market".

For details of the methodology and specifications of the lump premium index please visit:
 
www.metalbulletin.com/Assets/pdf/MBIO/Metal_Bulletin_Iron_Ore_Index-Lump_Premium_Methodology.pdf

or visit www.mbironoreindex.com

For any enquiries please contact:

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