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BRIEF-Atlas Iron says locked in a key new iron ore sales agreement

Published 24/09/2015, 08:44 am
© Reuters.  BRIEF-Atlas Iron says locked in a key new iron ore sales agreement
AGO
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Sept 24 (Reuters) - Atlas Iron Ltd AGO.AX :

* New iron ore sales agreement and marketing update AGO.AX

* Following achievement of a 14-15mtpa run rate it has now locked in a key new iron ore sales agreement

* Says company has also executed 6 new fixed price sales contracts for lump and fines cargos in the March 2016 quarter

* Iron ore sales agreement, with major international trading group is for 5 million tonnes per annum of Atlas standard fines for up to 2 years duration

* Says aware of other iron ore suppliers achieving cargo sales at a premium to the index which further supports a favourable outlook

* Achieving fixed priced sales at a premium to the published forward price index is a positive indicator for iron ore demand

* Says achieving strong fixed price cargo sales through to March 2016

* Source text for Eikon ID:nASX6M202H

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