Iron ore going from hero to zero?

You don’t need to listen too closely to hear the pips squeaking in Western Australia’s iron ore lemon after a week-long debate about the state’s most important industry, which appears to be heading for a crisis that will hit companies and governments in equal measure.


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Tim It all might be a bit amusing to some but tell me did anybody at the conference last week have any ideas how contractors are supposed to deal with the fallout of the "boom " times. The expectations are now that contractors are somehow supposed to absorb a 20 to 30 percent reduction in rates. All this while our regulated labour market EBA's have shot us all up the backside with no way out. Rates are unsustainable as a result of a workforce that has been spoilt rotten by the good times fuelled by the frenzy of the past few years. Any profit margins were squeezed in the good times and are now being smashed on the way down. Contractors that have tried to maintain a permanent workforce are going to have a fun time of it starting about now and earlier for some. Meanwhile everybody has their dark glasses ( blinkers )on and their earplugs in listening to triple J!!!!!! .

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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

$0 Issued
$0 Issued
$0 Other
Total value as at the date of the transaction
Source: Morningstar


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
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Atlas Iron

61stMark Hancock$1.008m
68thJeremy Sinclair$1.007m
301stCheryl Edwardes$181k
Ranked by total remuneration from all listed WA companies

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