News Item : Atlas Iron Utah Point fast track

Atlas Iron Utah Point fast track July 29, 2010 10:54 AM

Atlas Iron Ltd (ASX:AGO) has reported a 50% drop in iron ore shipped for the June quarter to 164,000 tonnes.

The lower tonnage is a result of insufficient port capacity at the Fortescue Metals Group’s (ASX:FMG) operated facility at Port Hedland, in the Pilbara region of Western Australia.

Altas says it will ship through Port Headland in August and September, until the new facilities it is developing at Utah Point are complete, expected to be in mid-September this year.

Atlas Iron Ltd (ASX:AGO) reported a loss of $63.14 million for the year ending 30 June 2009.

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