Atlas confident despite tough conditions

Atlas Iron has blamed low commodity prices and the high Australian dollar for its full year loss of $114.6 million, but says it's still bullish on the future of iron ore mining.

In its results presentation Atlas said business conditions had deteriorated, particularly in the second half of FY2012.

But the company said it had secured significant export capacity at Port Hedland and was still targeting producing 15mtpa by 2015 and 46mtpa by 2017.

Whilst investigating iron ore sales outside China, Atlas said it was still optimistic about demand from the Asian powerhouse in 2013.

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