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Atlas Iron ‘on sound footing’, hits FY16 shipping target

Iron-ore miner Atlas Iron is on a sound footing for the future after having completed a debt restructuring plan and reporting an “excellent” performance in the June quarter, said outgoing MD David Flanagan on Wednesday.
Atlas Iron shipped 3.7-million wet metric tonnes in the three months ended June, down 3% on the March quarter’s production, putting the company’s full-year shipments in the mid-range of its guidance at 14.5-million wet metric tonnes.