Low-grade prod­uct lion’s share of At­las ship­ments

Pilbara News - - News - Nick Evans

At­las Iron got five ship­ments of low-grade ore away as prices rose in the De­cem­ber quar­ter, with the cheaper prod­uct making up the big­gest por­tion of the com­pany’s ship­ments since iron ore prices crum­bled in 2015.

At­las shipped 500,000 tonnes of its value fines last quar­ter.

This was up from 400,000t in the Septem­ber pe­riod and 300,000t in the March quar­ter.

The com­pany shipped 4 mil­lion tonnes of iron ore in the De­cem­ber quar­ter, in­clud­ing 2.3mt of its stan­dard prod­uct and 1.2mt of lump.

At­las said it re­alised an average $70 a wet met­ric tonne for its stan­dard and lump ore ship­ments, and an average $66/wmt in­clud­ing low-grade ship­ments.

Pic­ture: Nic El­lis

At­las Iron’s Tony Walsh.

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