Atlas Iron

Atlas Iron
Type Public, ASX: AGO
Industry Resources
Genre Mining
Founded 2004 (Listed)
Headquarters Perth, Australia
Key people Geoff Clifford (Chairman of the Board)
David Flanagan (Managing Director)
Products Iron ore
Website www.atlasiron.com.au

Atlas Iron an Australian mining company and an iron ore explorer, developer and producer, predominantley active in the Pilbara region.[1]

The company operates two iron ore mines in Western Australia, the Pardoo mine, which opened in 2008,[2] and the Wodgina mine, which opened in July 2010.[3]

Company history

Atlas was listed on the Australian Securities Exchange on the 17 December 2004,[1] under the name of Atlas Gold Limited. On 30 March 2006, the company changed its name to Atlas Iron Limited.[4]

Atlas became Australias newest iron ore producer when it commenced production at Pardoo in late 2008.[5]

The company plans to lift production from its Pilbara operations to 12 million tonnes of iron ore by 2012, up from 6.5 million tonnes in late 2010. Of these, 10 million tonnes are scheduled to come from the new Turner River hub, which is to blend and process ore from the company's northern Pilbara projects, located at Wodgina, Abydos and Mt Webber.[6]

Atlas is hopeful to come to terms with BHP Billiton in regards to using the company's rail infrastructure, the Goldsworthy railway, in the future. BHP, in late 2010, had agreed to a joint feasibility study into how an arrangement might work.[7]

In December 2010, Atlas Iron made a bid to buy Giralia Resources; it may be possible to merge Atlas' Mt Webber mine with Giralia’s nearby Dalton mine.[8]

References

  1. ^ a b Atlas Iron Australian Securities Exchange website, accessed: 25 November 2010
  2. ^ Pardoo Atlas Iron website, accessed: 24 November 2010
  3. ^ Wodgina Atlas website, accessed: 24 November 2010
  4. ^ ATLAS IRON LIMITED (AGO) delisted.com.au, accessed: 25 November 2010
  5. ^ Atlas misses out as orders dry up The Age, published: 21 October 2008, accessed: 24 November 2010
  6. ^ Atlas Iron lifts exports ahead of schedule The Sydney Morning Herald, published: 1 November 2010, accessed: 24 November 2010
  7. ^ Atlas Iron optimistic about using BHP rail line to Port Hedland ABC Rural, published: 23 November 2010, accessed: 24 November 2010
  8. ^ "Mining Journal - Atlas Iron makes US$825m bid for Giralia". http://www.mining-journal.com/finance/atlas-iron-makes-us$825m-bid-for-giralia2. Retrieved 2010-12-21. 

External links