Atlas Iron founder Flanagan stands aside in reshuffle

Atlas Iron founder David Flanagan has stepped back from his role as MD, handing over the position to COO Ken Brinsden in a management reshuffle. Flanagan is initially taking up the role of executive chairperson, which means he will retain the...

Atlas Iron cuts shipping target after cyclone

Iron-ore miner Atlas Iron on Wednesday revised its shipping guidance for the 2012 financial year following damage to the Utah shiploading facility caused by tropical cyclone Heidi. COO Jeremy Sinclair said in a conference call that Atlas Iron’s...

Atlas expands further into Pilbara

Australian iron-ore miner Atlas Iron has expanded its footprint in the Pilbara region by acquiring a 90% interest in the Corunna Downs direct shipping ore (DSO) project from fellow listed Gondwana Resources. The agreement was in the form of a...

Atlas Iron on track to hit 6Mt/y-export target by year-end

Iron-ore miner Atlas on Tuesday said it was on target to ship six-million tons a year from its Western Australian operations by the end of the year. In the three months to the end of September, the miner produced and shipped some 1.46-million...

Atlas inches closer to full takeover of FerrAus

Iron-ore miner Atlas Iron has secured a 94.95% shareholding in takeover target FerrAus, with the company saying on Wednesday that it would launch a compulsory acquisition of all the outstanding FerrAus shares at the close of the offer on October...

Atlas declares FerrAus offer unconditional

Iron-ore miner Atlas Iron has declared its takeover offer for FerrAus unconditional, after it gained a 60.48% interest in the company. Atlas would now proceed to nominate candidates to the FerrAus board, MD David Flanagan said.

FerrAus shareholder takes up Atlas offer

Iron-ore miner Atlas Iron’s takeover offer for fellow listed FerrAus has gained traction, with FerrAus’ major shareholder China Railway Materials accepting the offer. China Railway Materials has provided FerrAus with a letter indicating that...

Atlas posts maiden profit and dividend

Iron-ore miner Atlas Iron has declared a maiden profit after tax of A$169-million for the full year ended June, prompting the miner to declare a maiden dividend of 3c a share. This was compared with a loss after tax of A$41-million in the...

Atlas boosts reserves by 50%

ASX-listed Atlas Iron has increased its North Pilbara direct shipping ore reserves by 50%, to 79.3-million tons grading at 57.8% iron. The North Pilbara projects comprise the Pardoo and Wodgina operations, as well as the Mount Dove, Abydos, Mount...

Atlas pondering Pilbara rail infrastructure options

Iron-ore junior Atlas Iron would soon start assessing options to start building rail infrastructure for its Pilbara operations, which it would need by the end of 2015. MD David Flanagan told reporters on the sidelines of the Diggers & Dealers...

Atlas and Centaurus form ‘strategic alliance’

Iron-ore miner Atlas Iron on Wednesday said that it would take up a 19.9% stake in Centaurus Metals, which is developing iron-ore mines in Brazil, for an A$18.7-million investment. The transaction was part of a “wide-ranging strategic...

Pilbara miners Atlas Iron and FerrAus announce deal

Iron-ore junior FerrAus has recommended a takeover offer from fellow-Pilbara miner Atlas Iron in a move that could put a stop to an unsolicited takeover offer from China’s Wah Nam International. FerrAus and Atlas on Monday announced in a joint...