Iron ore discounts take toll on Atlas

Original article by Paul Garvey
The Australian – Page: 20 : 19-Apr-17

Iron ore miner Atlas Iron achieved an average price of $A62 per tonne in the March 2017 quarter, which is well below the average benchmark index price for the period. The company was affected by rising Chinese demand for higher grade ore, which widened the gap between the benchmark price and the lower-grade ore produced by Atlas. Adverse weather conditions in the Pilbara also resulted in Atlas’s shipments falling to 3.2 million tonnes, down from four million tonnes for the same period in 2016.

CORPORATES
ATLAS IRON LIMITED – ASX AGO, FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, CITIGROUP PTY LTD, THE STEEL INDEX LIMITED

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