News Articles for Atlas Iron

SPECIAL REPORT: Lithium stocks led by Pilbara Minerals and Galaxy Resources have seized the opportunities presented by the commodity's surge.

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.

The state government has extended its discounted charges at the Utah Point bulk handling facility by another year, to help junior miners continue exporting iron ore, as debate around the sale of the port continues.

David Flanagan has resigned as managing director of Atlas Iron, three weeks after US lawyer Eugene Davis took over from Cheryl Edwardes as the iron ore miner's chairman.

Mineral Resources was coy about its plans after today announcing it has agreed to buy mining tenements, including lithium deposits, and infrastructure at the Wodgina tantalum mine, which is owned by private group Global Advanced Metals.

SPECIAL REPORT: WA's economic slowdown hasn't led to the dramatic rise in insolvencies many had expected, according to leading industry representatives.

Transport and logistics company McAleese Group has announced a recapitalisation deal with its financiers and a Hong Kong investments group, which includes de-listing from the ASX and undertaking a $26 million capital raising.

Fortescue Metals Group has broken BHP Billiton's monopoly on tug services at Port Hedland, after being named the successful bidder for a second towage licence at what is the world's biggest bulk export port.

Swiss commodities multinational Glencore has taken an 8.5 per cent stake in battling iron ore miner Atlas Iron through subsidiary Maru Sky.

Atlas Iron's creditors appear likely to own the majority of the business after shareholders voted in favour of the iron ore miner's proposed debt-for-equity swap at a meeting today.

Businesses operating in WA's cyclical resources sector need to deal prudently with debt, or trouble is just around the corner.

The creditors of Atlas Iron have voted in favour of the iron ore miner's proposed debt-for-equity swap, with the fate of the scheme, and the company, now in the hands of shareholders who will vote next week.

Atlas Iron has reported record shipments and lower costs ahead of creditor and shareholder meetings that will vote on a crucial debt-for-equity swap.

SPECIAL REPORT: A flurry of deals over the past fortnight, including four acquisitions by international companies expanding in Western Australia and the year's largest capital raising, has added life to a flat corporate finance market.

An independent expert's report into Atlas Iron's debt restructure plan has found lenders would get a much lower dividend if the scheme isn't approved by creditors later this month.

SPECIAL REPORT: Business News CEO and online entrepreneur, Charlie Gunningham, analyses the social media influence of the political and business elite.

SPECIAL REPORT: The number of women serving on company boards is slowly one the rise, but it's still rare to see a female take the chair, judging by Business News's analysis of Western Australian company directors.

Shares in TW Holdings slumped sharply today after it announced a backdoor listing of medical cannabis company AusCann Group Holdings, the second deal of this type involving members of the Washer family.

Smaller iron ore miners were the big winners today after the iron ore price surged overnight, whereas Fortescue Metals Group failed to sustain Monday's big gains despite announcing a joint venture and investment deal with Brazil's Vale.

ANALYSIS: Rubbery figures and projections aside, WA's iron ore miners are breathing a little easier thanks to improving prices and a favourable exchange rate.

Shares in Atlas Iron have surged despite the iron ore miner reporting a half-year loss of $114 million.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

Tony Chong has been appointed as non-executive chairman of TV2U Worldwide. Mr Chong is a corporate and tax lawyer and also serves as the lead partner of Lavan Legal's corporate services group.

Perth-based miner Atlas Iron boosted shipments and trimmed costs in the December quarter, as iron ore prices weakened.

The state's trucking and logistics sector's consolidation has continued after a busy 2015.

One of the state's largest mining services companies has received a boost, with BGC Contracting securing a five-year contract extension worth $520 million at Cliffs Natural Resources' Koolyanobbing iron ore mine.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.

Ailing iron ore miner Atlas Iron has done a deal with the majority of its lenders, who have agreed to a plan to cancel $US132 million ($183 million) of debt in exchange for equity in the junior exp

SPECIAL REPORT: One of the few positives in a tough year for business was the gold sector, and at the forefront was Northern Star Resources, under the leadership of Bill Beament.

SPECIAL REPORT: Newly appointed chief executives in Western Australia are mostly receiving lower salaries than their predecessors, but retaining plenty of upside through incentive schemes, a survey of nearly 40 new CEO pay packages has found.

With the iron ore price falling to nearly $US40 per tonne, analysts can't see an end to the pain any time soon.

Former Atlas Iron managing director Ken Brinsden has joined a budding lithium producer that will pay less than half his old salary, even though the company has a market cap five times that of his old employer.

The state's corporate donors still prefer their gifts to be in cash, while in-kind contributions have fallen away in favour of increased staff volunteering, according to the latest Giving West survey.

Murdoch University has appointed Eeva Leinonen as its first female vice-chancellor, replacing Richard Higgott who resigned last year after being investigated by the Corruption and Crime Commission.

The state government says the shipping capacity of Port Hedland could increase by 16 per cent to 577 million tonnes, opening up the possibility of further growth in iron ore exports through the existing harbour.

Atlas Iron says it achieved its annual production rate target four months early while reducing costs during the September quarter, and has started working towards a new iron ore mine in the Pilbara.

From mining to agriculture, technology and finance, 40under40 award winners have been making news this year.

The median salary paid to chief executives at Australian mining companies fell by 12 per cent over the past two years, and is set to decline further after recent cost-cutting moves by the likes of BC Iron, Sundance Resources, Paladin Energy and Poseidon Nickel.