Australian iron ore miner Atlas Iron has announced that it shipped 3.3 million wet metric tons of iron ore in the quarter ended on September 30, rising by 72 percent compared to the previous quarter. In the September quarter, the company's iron ore production amounted to 3.72 million mt, up 109 percent quarter on quarter.
According to Atlas Iron's statement, the company’s cash cost decreased in the September quarter to A$36/wmt, from A$46/wmt in the previous quarter this year.
Atlas also announced that it has commenced a pre-feasibility study into the development of a low-cost iron ore mine at its Corunna Downs project, located 40 km from the company’s Mt Webber project in the Pilbara region of Western Australia. The company expects to complete the study in December this year, with first iron exports scheduled for 2017.