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Atlas confident about hitting targets

Atlas Iron is confident of meeting its full year producrion targets as it continues talks about developing a Pilbara rail solution to support its longer term growth.

The Pilbara iron ore miner expects some volatility in the iron ore price but believes many analysts are overly negative, and fail to appreciate the constraints that will slow global supply growth.

"We don't believe the iron ore price is going to $80 per tonne for any sustained period of time," Atlas Iron managing director Ken Brinsden told reporters after the release of the company's production results.

Analysts have cut their estimates for iron ore prices this year on expectations demand will moderate and steel production will slow in China.

Mr Brinsden said some commentators did not take into account unusual events such as the recent negative production results in Brazil and India exiting the seaborne trade.

Atlas is currently working with fellow miner BrockmanResources and rail operator Aurizon about developing an integrated rail and port infratsrcture solution in the Pilbara.

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Atlas Iron (AGO)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
195thMineral Resources59%18%
207thNorthern Star Resources55%43%
266thIluka Resources35%3%
393rdWoodside Petroleum9%4%
722ndAtlas Iron-45%-55%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/10/17
$0 Issued
26/10/17
$0 Issued
01/07/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
7th↓Iluka Resources$779.3m
499 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Atlas Iron

60thMark Hancock$1.008m
67thJeremy Sinclair$1.007m
299thCheryl Edwardes$181k
Ranked by total remuneration from all listed WA companies

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