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Home / Metal News / Australian Atlas Mine Posts Falling Iron Ore Output in Q1 2017 on Monsoon Season

Australian Atlas Mine Posts Falling Iron Ore Output in Q1 2017 on Monsoon Season

iconApr 26, 2017 15:20
Source:SMM
Iron ore output at Australian Atlas mine was flat at 3.62 million tonnes in the first quarter of 2017 on a yearly basis, but the data declined 10% on a monthly basis.

SHANGHAI, Apr. 26 (SMM) – Iron ore output at Australian Atlas mine was flat at 3.62 million tonnes in the first quarter of 2017 on a yearly basis, but the data declined 10% on a monthly basis. In Q1 2017, Atlas mine delivered 3.2 million wet tonnes of iron ore, down 21% MoM and 17% MoM.

Monsoon season was attributed as the main driver to the decline both in iron ore production and shipments.

Besides, C1 cost expanded $2 MoM and $33 YoY to $36 in Q1 2017, due largely to rising transportation cost.

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