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Flanagan resigns as Atlas Iron MD

28th June 2016

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

  

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JOHANNESBURG (miningweekly.com) – David Flanagan has resigned as MD of Western Australian iron-ore producer Atlas Iron, the company announced on Tuesday.

Flanagan would continue in the role until a replacement was appointed or serve his six-month notice period, whichever came first.

Flanagan said he believed that with Atlas’s restructuring deal completed, costs cut significantly and production running at record levels, it was a logical time for him to take a “much needed break”.

“As a result of the strategies we have devised, the support shown by lenders and contractors and the sheer hard work of our team, Atlas has a solid foundation on which to build a strong future,” he said.

“I have no doubt that the company is now ideally positioned to take full advantage of the opportunities which will stem from having a markedly lower cost base and a more robust balance sheet.”

Atlas Iron operates mines in Western Australia.

Edited by Creamer Media Reporter

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