Atlas Iron has talked up plans for a four-fold increase in iron ore production between now and 2015, after posting its first annual profit and declaring its first dividend.
One of the overseers of Port Hedland's massive but politically sensitive expansion, port authority chairman Ian Williams, has stepped down, making him the third key person to leave a top job at the
Atlas Iron has joined the bidding for takeover target FerrAus, proposing a two-phase deal that will see the two miners' south east Pilbara iron ore assets consolidated before Atlas takes all of FerrAus' shares in an off-market bid.
Atlas Iron has announced a maiden profit result of $30.1 million for the half year ended December 31, and has flagged that profit will increase in the second half of financial year 2011.
Patersons Securities has retained top spot in WA Business News' annual survey of capital raisings, followed by Hartleys, Euroz Securities and Macquarie Capital Advisers.
WA-based iron ore miner Atlas Iron says production from its mines is rapidly increasing, causing cash reserves to increase 58 per cent since September.
Atlas Iron will take control of all Giralia Resources shares in an exclusive off-market takeover bid announced today, valuing the junior miner at $828 million.
Atlas Iron expects to capitalise on the high iron ore prices after the Port Hedland Port Authority granted it permission to make additional shipments in the next few months.
Iron ore miner Atlas Iron's direct shipping ore (DSO) stocks have doubled to more than 186 million tonnes paving the way for the planned increases in production and sales revenue over the next three years.
Atlas Iron will expand its footprint in the Pilbara after deciding to exercise its option to acquire iron ore rights in six Pilbara tenements from Haddington Resources for $1 million.
Atlas Iron says it will focus on attracting a suitable joint venture partner for its Ridley magnetite iron ore project in the Pilbara after a preliminary study estimated a capital cost of nearly $3 billion.
New miner Atlas Iron has secured additional berth capacity at the Utah Point public access port facility in Port Hedland, which is currently under construction.
Junior iron ore producer Atlas Iron has signed the last of its available iron ore into a long-term offtake agreement with an unidentified Chinese steel mill.
Atlas Iron says it has the opportunity to defer $20 million in mine establishment costs after it entered into a deal to access infrastructure that can support its Abydos iron ore project in the Pilbara.
Shares in Atlas Iron have risen sharply in early trade as the iron ore miner enters into a long-term off-take agreement for its Pardoo project in the Pilbara.
Privately-held IMC Resources has broken its silence on events surrounding Atlas Iron's shareholder meeting, disputing claims that it swayed stakeholders to vote against the re-election of chairman David Nixon.
Shares in Atlas Iron have climbed as much as 14 per cent today on the back of a substantial increase in its Pilbara iron ore deposit, as the board prepares to meet following last week's shocking events.
Shares in Atlas Iron Ltd have jumped over 30 per cent on news the miner is on the verge of signing a long-term off-take deal as it sells its first iron ore shipment from its Pilbara project.
Shares in Atlas Iron Ltd have dropped nearly 10 per cent despite news the emerging iron ore producer has entered into an agreement that could lower the cost of bringing its Abydos project online.
