Atlas Iron has appointed Spiro Pappas, Professor Ian Plimer, Tad Watroba and Stephen Wood as non-executive directors with Mr Pappas being elected as chair.
Atlas Iron has announced a raft of board changes, including the appointment of former state government tourism boss Stephen Wood and National Australia Bank executive Spiro Pappas.
Hancock Prospecting's $390 million takeover bid for struggling iron ore miner Atlas Iron has been endorsed by independent expert BDO, which found the pricing was fair and reasonable.
Diversified mining services company Mineral Resources has announced plans to acquire Atlas Iron in a scrip deal that values the iron ore miner at $280 million.
Mining junior Atlas Iron plans to be in production at its planned Corunna Downs project by March 2018, the company announced at its annual general meeting today, while current operations at Wodgina and Abydos will end in late 2017 and early 2018 respectively.
Shares in miner Atlas Iron were up 10 per cent today after the company reported cash generation of $30 million after interest and profit sharing for the June quarter.
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.
Gary Johnson has been appointed non-executive chair of Platypus Minerals following the company's acquisition of Lepidico, where he held the position of chair.