From Reuters:
Australia’s Atlas Iron Ltd , which suspended mining in April after iron ore prices slumped, said on Friday it will keep producing at two of its three mines with the help of its contractors after a rebound in iron ore prices.
…”The new operating model, inclusive of lump product streams and assistance provided by key contractors, combined with positive pricing momentum means the company can trade in a cash flow positive manner for May,” Atlas said in its quarterly production report.
…Atlas said its Abydos mine had continued operating and it would reopen its Wodgina mine in May. It was assessing options for its Mt Webber mine.
Hello price ceiling. Let’s see how it goes at $3o per tonne.
Reminds me of this:
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