Perth, May 28, 2010 (ABN Newswire) - FINANCE AUDIO: Atlas Iron Limited (ASX:AGO) MD, David Flanagan Updates On Production And The Resource Super Profit Tax (RSPT).

Atlas is an emerging Iron Ore producer with a growing portfolio of resources defined with strong growth potential, a world class Magnetite deposit, and over 8,900km2 of iron ore mineralised tenure within Western Australia.

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Atlas exports iron ore from the Pardoo DSO Iron Ore Project, which is approximately 75km from the established public access port of Port Hedland. The company anticipates the commencement of its second operation, at Wodgina 100km south of Port Hedland, in Q1 2010.

The Pardoo Operation is exporting iron ore at 1 million tonnes per annum. With increased production from Pardoo, and commissioning of new mines at Wodgina and Abydos, this is anticipated to grow to 6 million tonnes per annum and then double to 12 million tonnes per annum by 2012.

Atlas Iron will produce and encourage significant positive outcomes for indigenous peoply by ensuring economic opportunities in our exploration and mining activities, and by conducting ourselves in a culturally and environmentally sensitive manner.

In leading by example, Atlas Iron will:

- Encourage other companies to engage proactively with native title groups;
- Promote sustainable commercial relationships with indigenous people; and
- Seek to generally improve the wellbeing of indigenous people in our operating areas.

Atlas Iron is committed to:

- Building and maintaining good relationships with the indigenous people in the communities in which we operate;
- Being the indigenous employer of choice;
- Partnership with indigenous communities to develop sustainable economic business opportunities wherever appropriate;
- Operating within existing environmental constraints and respecting indigenous connection to land; and
- Delivering cross cultural awareness training to our workforce.

About Atlas Iron Limited

Atlas Iron ASX:AGOAtlas Iron Limited (ASX:AGO) is an independent Australian iron ore company, mining and exporting Direct Shipping Ore (DSO) from its operations in the Northern Pilbara region of Western Australia. Since listing on the ASX in late 2004, Atlas has grown rapidly and is now a member of the ASX100 index.

 


Contact

David Flanagan
Managing Director
Atlas Iron Limited
Tel: +61-8-9476-7900
Fax: +61-8-9476-7988
www.atlasiron.com.au


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