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Atlas on track for 10mtpa
Atlas 'on track' for 10mtpa

Atlas Iron says it remains on track to achieve exports of 10 million tonnes per annum by June next year after achieving record shipments of 700,000 tonnes last month.

The company said it had also made progress towards its longer term goal of achieving 46mtpa by securing environmental approvals for its South-East Pilbara mines and associated rail spur development options.

The news comes as Atlas awards contracts for mining and crushing at its new Abydos direct shipping ore project in the Pilbara and announces that mining has begun at its Mt Dove project.

Atlas managing director Ken Brinsden said the key achievements showed Atlas was on track in respect to both its near-term production targets and its options for longer-term growth.

"Atlas has a proven ability to develop highly competitive mining operations, with low capital and operating costs," he said.

"Shipping at a rate of 10mtpa from June next year growing to 12mtpa by December can only improve our economies of scale."

Atlas shares were up one cent to $1.525 at 7.45am.