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.