Australian iron ore miner Atlas Iron has announced that it shipped 4.1 million wet metric tons of iron ore in the quarter ended on September 30, rising by eight percent compared to the previous quarter, due to a significantly higher contribution from Mt Webber mine. In the September quarter, the company's iron ore production amounted to 3.79 million mt, up four percent quarter on quarter.
The company’s managing director Daniel Harris stated that Atlas Iron will repay A$15 million in debt in October this year which will further strengthen its balance sheet and net debt on September 30 was under A$90 million, a significant improvement from the levels prior to the restructure, which stood at A$257 million on March 31.