Atlas aims to be cash positive by mid-2017 as it pays off more debt

Iron-ore miner Atlas Iron has repaid A$54-million in debt, following a strong December quarter, reducing its US term loan debt to A$118-million. The miner said last week that it had completed the December quarter with some A$134-million cash on hand, as a result of the cash flow generated during the three-month period. This was up from the A$95-million cash on hand at the end of September 2016.