Atlas 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.
Atlas Iron Limited (ASX:AGO) is pleased to announce that it will raise up to A$116.7 million to help fund the expansion of its Pilbara operations. Atlas said the money would be raised through a A$105 million placement to international and domestic clients of Hartleys Limited ("Placement") and an A$11.7 million Share Purchase Plan to existing shareholders ("SPP").
Atlas is an emerging producer and active explorer focused on the discovery and development of iron ore projects. With a growing number of high quality iron ore projects and one of the largest landholdings in the Pilbara (8,900km2) located close to infrastructure, the Company has created a successful business by targeting resources and reserves capable of being mined with relatively low capital expenditure.
Atlas Iron Limited (ASX:AGO) is pleased to report on the interim findings of its Feasibility Study assessing the proposed development of its Wodgina DSO Project (Atlas 100% Fe rights), located approximately 100km south of the port of Port Hedland (Figure 1) in the Pilbara region of Western Australia.
Atlas Iron Limited (ASX:AGO) is pleased to announce initial results from RC drilling at its Mt Webber DSO project. Mt Webber (Atlas 100% Fe Rights) is located 150km southeast of Port Hedland in the Pilbara of Western Australia.
Atlas Iron Limited (ASX:AGO) is pleased to announce a 527% increase in the DSO resource at its Wodgina DSO Project from 8.1Mt at 57.5% Fe (see announcement of 15 January 2009) to 42.7Mt at 56.3% Fe.
Atlas Iron Limited (ASX:AGO) is pleased to announce a 527% increase in the DSO resource at its Wodgina DSO Project from 8.1Mt at 57.5% Fe (see announcement of 15 January 2009) to 42.7Mt at 56.3% Fe.
Atlas Iron Limited (ASX:AGO) is pleased to announce that, pursuant its option agreement with Haddington Resources Limited (ASX: HDN) announced on 15 January 2008, it has given Haddington notice of its intention to exercise its option to acquire the iron ore rights to 6 Pilbara tenements from Haddington.
Yesterday the Australian shares closed with a three months high, lifted by stronger banks and resources stocks. The benchmark S&P/ASX200 index was up 2.2%, or 81.3 points, at 3752.9, while the broader All Ordinaries index also gained 2.2%, or 80.5 points, at 3698. The financial sector was largely buoyed by the US bank Goldman Sachs’ first quarter earnings.
On Friday the Australian stocks posted a strong gain with financial sector soaring 5.3%, capping the best week for the market in three months. The benchmark S&P/ASX200 index ended 3.4% higher, or 109.7 points, at 3345.2, while the broader All Ordinaries index was up 3.3%, or 104.3 points, at 3294.7. The ASX200 rose 6% for the week. But analysts say that it is too early to say the bear markets end, although the US banks delivered turnarounds.
Yesterday the Australian stock market closed nearly 1% higher with gains in banking and resource sectors. The benchmark S&P/ASX200 index ended up 32.4 points, or 0.9%, at 3687 and the broader All Ordinaries index was up 30.4 points, or 0.9%, at 3624.3. Earlier, the market had sunk into negative territory. Today's focus will be the official unemployment figures for December 2008 which are expected to rise on the deepened credit crisis.
