Ann: Investor Presentation, page-6

The demand situation over the medium to long-term looks healthy
“We continue to see healthy demand growth for iron-ore in the mid-term as Chinese steel production is expected to increase by approximately 25%, to between 1.0 and 1.1 billion tonnes by the early to mid-2020’s”, Jimmy Wilson, BHPB President Iron Ore - Oct 2014.
 Off today’s 850Mt of steel production in China, forecast steel production growth of 150- 250Mt.
 Implies a requirement for approximately 250- 400Mt of additional iron ore supply for China alone.
 Atlas has grown sales to India and initiated sales in South Korea