Friday 28 August 2015

Otmane El Rhazi : Atlas shares rise as it reports lower costs

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

The share price of iron-ore miner Atlas Iron shot up by 19% on Friday on news of lower costs and increased cash flows. Atlas told shareholders that cash costs during July fell to A$55/t, from the A$66/t reported in the June quarter, as the contractor collaboration agreements implemented at its Pilbara operations delivered results.

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