Aug 28 (Reuters) - Atlas Iron Ltd AGO.AX :
* Production update AGO.AX
* Says made further strong progress in its strategy to cut costs and ramp-up production
* Atlas' average realised sale price for July was a$57/wmt cfr
* Says full cash costs for July of a$55/wmt cfr versus June 15 quarter: a$66/wmt cfr)
* Says expect to generate increased cashflow for August relative to July
* We expect to generate increased cashflow for August relative to July"
* Says on track to ship at 14-15mtpa by December 2015
* Says mt webber mine has achieved ramp up in August
* Says "the collaboration agreements are working"
* Executing underlying sales agreements with counterparties ; agreements provide further certainty around shipping volumes and pricing mechanisms
* Says company intends to apply a hedging programme for mt webber in a broadly similar manner
* Source text for Eikon ID:nASX266ll7
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