Atlas Iron proudly announced that it has shipped record-breaking amounts of low grade iron ore last year.
The Australian iron ore miner reported selling 373,000 tonnes of “value fines” during the final quarter of 2012, for a total of 1.75 million tonnes.
“Value fines” are the smaller particles of iron ore generated as a by-product during the processing of standard grade product. This lower-grade ore was originally considered to be disposable waste.
However, there has been a growing demand for value fines ore ever since India -the primary source of low grade iron ore- suspended production of the weaker quality product. Atlas Iron was able to exploit this demand in the market by providing the now-valuable product.
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