28
Dec
11:55
Atlas Iron expects cheaper Corunna ore
Australia’s Atlas Iron has released details of the definitive feasibility study for its Corunna Downs mining project. The study suggests the mine could break even with iron ore prices at around $50/dry metric ton on a 62% Fe basis, Kallanish notes.
The 4 million tonnes/year mine is likely to have C1 cash costs of AUD 37-43/tonne ($27-31/t) and will require an investment of around AUD 47-53 million. It estimates “life of mine” breakeven at …
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