Thursday 10 September 2015

Otmane El Rhazi : Atlas beefs up margins as it reaches export targets

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Not only has iron-ore miner Atlas achieved its targeted export rate of 14-million to 15-million tonnes a year some four months ahead of schedule, margins during August were stronger on the back of increased realised prices. The ASX-listed miner noted that tonnes shipped during August were 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.

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