Australian iron ore miner Atlas Iron Limited has announced that it has signed a new key iron ore sales agreement with a major international trading group to supply 5 million mt of iron ore per year for a period of two years. Atlas Iron said the new sales agreement will secure substantial sales volumes for the company.
Atlas Iron also stated that, apart from the new iron ore sales agreement, it has also signed six new fixed-price sales contracts for lump and fines cargos in March 2016, expected to account for 15 percent of its production in the March 2016 quarter.
“Demand for our ore is strong and that means good agreements, good prices and high quality counterparties. The support we are getting from our customers is evidence that our ore is an important part of their product mix, and that is good for Atlas,” stated David Flanagan, managing director of the company.