10
Sep
01:00
Atlas Iron improves production, sees better margins in August
Australian mining junior Atlas Iron reports an improving financial position as a result of the company’s performance in August. In a report monitored by Kallanish, the iron ore miner says it saw stronger margins and improved production rates.
Atlas had full cash costs of AUD 56.52/wet metric ton ($39.97/wmt) cfr in August (including rate uplift but pre contractor collaboration margin share), down from AUD 66/wmt cfr in the June quarter. Atlas’ av…
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Anonymous
Very good overview of the weekly steel market.
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