Atlas Iron (AGO)

Atlas Iron is an Iron Ore Producer with four mine in the Pilbara region of western Australia. It is the fourth largest iron ore miner listed on the ASX behind giants BHP Billiton, Rio Tinto and Fortescue Metals. Atlas sells hematite fines direct shipping ore grading about 58% iron to Asian customers. Production started in 2009 and reached nearly 8 Million tones in fiscal 2013. We expect annual production to reach 12 million tones by fiscal 2015. Unit production costs (cash costs) were just AUD 49 per tonne in fiscal 2013.
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