were railed to the Port of Sept-Iles, bringing the total for the six months ended September 30 to over 1.2 million tonnes. Monthly rail volumes have increased almost threefold from the beginning of the operating season. During the quarter, LIM announced its participation in the development of the new multi-user deep water dock at the Port of Sept-Iles, which will be dedicated exclusively to iron ore shipments. Under the terms of the agreement with the Port Authority, LIM has secured an annual capacity of 5 million tonnes of iron ore with a right to secure additional residual capacity. The Port expects that construction of the new berth will to be completed by March 31, 2014. Also during the quarter, LIM announced its collaboration with CN on a feasibility study to develop a new, continuous multi-user rail line to serve iron ore companies in the Labrador Trough. The CN feasibility study is also evaluating the development of a new terminal handling facility located at the Port of Sept-Iles, which would complement the planned development of the new multi-user dock at the Port. Sales During the second quarter, LIM completed the sale of four cape-size shipments (two shipments of direct rail ore (DRO) and two shipments of sinter) totalling 648,000 dry tonnes, which were sold at a weighted average actual realized price (i.e. CFR China spot price less value-in-use discounts) of approximately US$96 per tonne on a CFR China basis. For these four shipments, LIM recognized net proceeds of $33.0 million on