Perth, Australia (ABN Newswire) - Atlas Iron Limited (ASX:AGO) (PINK:ATLGF) is pleased to announce that it has secured a fully underwritten commitment for a funding facility of US$325 million ('Term Loan') as part of its strategy to grow its North Pilbara iron ore production. The Company is targeting exports at a rate of 12 million tonnes per [...]
Perth, Australia (ABN Newswire) - Atlas Iron Limited (ASX:AGO) is pleased to provide the Company 2012 Annual Report to shareholders for the year ended 30 June 2012. Atlas is an independent Australian iron ore company, mining and exporting Direct Shipping Ore (DSO) from its operations in the Northern Pilbara region of Western Australia. Since [...]
Atlas Iron is pleased to report an underlying profit before tax of $98 million for the year to 30 June 2012. In the context of this solid result, subject to shareholder approval of amendments to its constitution at the 2012 Annual General Meeting on 31 October 2012, Atlas intends to pay an unfranked dividend of 3 cents per share (see detail below [...]
Atlas Iron welcomed the announcement by Hon Troy Buswell (West Australian State Treasurer and Transport Minister) on 24 August 2012 reaffirming his and the Port Hedland Port Authorities (PHPA) approval of North West Infrastructure's (NWI; Atlas' interest 63%) right to develop two berths for export iron ore in South West Creek at Port Hedland. This [...]
Dynasty Metals Australia welcomes the latest joint announcement by Brockman Resources / Atlas Iron / QR National that three parties have entered into an Alliance Study Agreement to undertake 'a joint evaluation of a fully integrated mine, rail and port logistics solution in Western Australia's East Pilbara region.'
Atlas first commenced exports from the Pardoo DSO project in the Pilbara at the rate of 1Mtpa in December 2008 and following commencement of its second operation at Wodgina in June 2010, Atlas achieved export rates of 6Mtpa in line with targeted growth initiatives. Atlas will bring a further three new mines into production in the North Pilbara (Mt [...]
Atlas Iron is pleased to provide an update on progress towards its targeted 12mtpa production rate by December 2013.Atlas is pleased to advise that final environmental approvals for the Mt Dove mine site have been received. Atlas now has all necessary approvals and agreements in place to commence mining operations at Mt Dove. Atlas will commence [...]
Sydney, Australia (ABN Newswire) - Following a variation of the sale agreement, the total cash consideration of AU$39.5 million was paid to Atlas prior to settlement rather than in two tranches (AU$17.5 million on settlement and AU$22.5 million 12 months later) as originally announced in December 2011.
Atlas Iron is pleased to advise that it has made two key Board appointments as part of its preparations to grow iron ore production rate from 6Mtpa to as much as 46Mtpa. Chief Commercial Officer Mark Hancock has joined the Board as an Executive Director. The appointment reflects the central role played by Mr. Hancock in Atlas' corporate and trading [...]
Atlas Iron is pleased to provide a Company presentation at BAML Conference for May 2012. Company Highlights: Strong operating cash flows from existing mines, Low cash operating costs, 1 Billion1 tonne Pilbara DSO resource base, Growth focus, 6Mtpa currently, targeting 15Mpa by 2015 and 46Mtpa by 2017 - Realisable infrastructure solutions [...]
Atlas Iron is pleased to report on its Horizon 1 projects in the north Pilbara. Atlas' continued assessment and development of its DSO projects demonstrates they are amongst the world's most capital efficient iron ore expansion projects. Following feasibility work and project development to date, Atlas is pleased to provide an update of its Horizon [...]
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