Atlas barred from making shipments at Fortescue port

Atlas Iron has been forced to find a new export port after Fortescue Metals stopped it from using its Anderson Point facility.

Atlas Iron has been forced to find a new export port after Fortescue Metals stopped it from using its Anderson Point facility.

Atlas has an agreement with Fortescue to use Anderson Point until the Utah Point facility at Port Hedland is opened later this year.

However, Fortescue has told Atlas there is currently insufficient capacity to accommodate both.

The Port Hedland Port Authority has come to Atlas’ rescue, allowing the iron ore miner to make an additional shipment of 60,000 tonnes per month from June to September this year.

The combined additional tonnage of 240,000 tonnes no more than what the company could have exported from Anderson Point.

The original agreement is still active however, meaning Fortescue will have to provide Atlas with any available capacity in the coming months.

Fortescue exports around 40 million tonnes per annum from Anderson Point, which has a total capacity of 55 million tonnes per annum.

However, the company has flagged an intention to increase its shipping to full capacity.

Atlas is seeking clarification on the extent and duration of the capacity constraints.

The miner is stockpiling its ore for an October export date from the new Utah facility.

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