Emerging producer Atlas Iron Ltd expects to disclose its off-take arrangements shortly as it today received the final environmental approval for its Pardoo iron ore project in the Pilbara.
THE expansion of existing iron ore projects, and the commissioning of new mines, is expected to increase pressure on the Pilbara's already squeezed port and rail infrastructure.
Parochial investors who put their money into Western Australian stocks have just experienced their worst year in nearly a decade, judging by the results of WA Business News' annual total shareholder return survey.
First production at Atlas Iron Ltd's Pardoo project has been delayed by to December after it lodged an appeal over conditions recommended by the Environmental Protection Authority.
West Perth based Atlas Iron Ltd is planning to begin operations and export of iron ore from its Pardoo Project in October, awarding Northern Territory based CDE Capital Pty Ltd the mining contract for the project.
Atlas Iron Ltd has resolved to raise up to $100 million through the issue of up to 50 million ordinary shares at an issue price of $2.00per share to clients of Hartleys Limited and existing major shareholders.
West Perth-based Atlas Iron Ltd has obtained a 19.9% interest in emerging iron ore explorer Warwick Resources Ltd, acquiring shares in Warwick at 0.23 cents via a share placement and off market purchase for a consideration of approximately $4.3 million.
Atlas Iron has set a target of 120 to 180 million tonnes of Pilbra iron ore, after previously reporting its Pilbara tenements were prospective for a total of 30 to 40 million tonnes.
West Perth-based Atlas Iron Ltd will sell the non-iron mineral rights of its Abydos and Goldsworthy tenements to West Perth gold explorer Shaw River Resources Ltd for $1.5 million in scrip and the issue of 2.5 million options, the company has announced.
West Perth-based iron ore explorer Atlas Iron Ltd will pay $15 million in port facilities charges to the Port Hedland Port Authority as an up-front contribution for the planned $225 million upgrade of the Utah Point public access facility.
WEST Perth-based iron ore explorer Atlas Iron Ltd has entered agreements to acquire two Mid West mining leases in the Jack Hills and Mt Weld areas for $13.2 million in staged cash and scrip payments.
West Perth-based iron ore explorer Atlas Iron Ltd will acquire two Midwest mining leases in the Jack Hills and Mt Weld areas for $13.2 million in staged cash and scrip payments.
West Perth-based iron ore explorer Atlas Iron Ltd has alloted the first tranche of a placement, raising $25.7 milllion, ahead of its second tranche placement to raise $59.3 million, subject to shareholder approval.
West Perth-based iron ore explorer Atlas Iron Ltd will raise $85 million through a placement, with funds raised going to development of the company's Pardoo Direct Shipping Iron Ore Project, including site capital and pre-payment for its port facilities.
West Perth-based Atlas Iron Ltd will issue 1.5 million shares to South Perth minerals player Independence Group NL and Western Australian Resources Ltd to acquire three tenements near its Pardoo project in the Pilbara.
Shares in West Perth-based Atlas Iron Ltd plunged more than 10 per cent today after it revealed its Pardoo iron ore project would be delayed by six months because the Environmental Protection Authority planned to do a public environmental review.
Shares in Atlas Iron Ltd surged more than 15 per cent after reporting exploration results from its Pardoo and Abydos iron ore projects, which are located near Port Headland.
Western Australian iron ore explorer Atlas Iron Ltd has signed a new mining agreement with traditional land owners, the Ngarla people, for the development of Atlas's Pardoo iron ore project, in the state's Pilbara region.
