Atlas Iron’s Q1 iron ore output impacted by heavy rainfall

On April 20, the Australian iron ore miner Atlas Iron Limited announced that in the first quarter of this year its iron ore production reached 1.18 million mt, decreasing by six percent or 76,863 mt over the previous quarter, due to the heavy rainfall encountered in the Pilbara region of Western Australia during the given period.
 
As SteelOrbis previously reported, with iron ore exports for Q1 2011 standing at 1.39 million wet metric tons (wmt), Atlas is on target to export 1.5 million wmt in Q2 this year. It also expects cash costs to remain at $40-43/mt for the rest of this financial year.