Otmane El Rhazi : Atlas beefs up margins as export targets are reached

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Iron-ore miner Atlas Iron on Thursday told shareholders that not only had the company achieved its targeted export rate of 14-million to 15-million tonnes a year some four months ahead of schedule, margins during the month of August were also stronger on the back of increased realised prices. The ASX-listed miner noted that tonnes shipped during the month of August was up 33% on the July figures, reaching 1.18-million tonnes, while average realised prices were higher at A$61/t, compared with the A$57/t reported in July.