Metals News
Australian Atlas Mine Posts Falling Iron Ore Output in Q1 2017 on Monsoon Season
smm insight
Apr 26,2017

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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