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) (Atlas) today announced that it has agreed to enter into good faith discussions with BHP Billiton Iron Ore (ASX:BHP) (NYSE:BHP) concerning an integrated transport solution in Port Hedland.
Atlas Iron Limited (ASX:AGO) is pleased to announce it has achieved an annualised export rate of over 6Mtpa in October 2010, 2 months earlier than planned. Atlas is now preparing to grow its annualised export rate to 12Mtpa by December 2012.
Atlas Iron Limited (ASX:AGO) is pleased to announce excellent results from first pass drilling programmes at its 100% owned Hickman and McCamey's North DSO Projects. The projects are located 40km north of Newman and 40km east of Newman respectively in the southeast Pilbara region of Western Australia.
Australian Market Report of September 23, 2010 includes; Moly Mines Limited's (ASX:MOL) (TSE:MOL) Spinifex Ridge iron ore project is on track for its first shipment in early December 2010, Falcon Minerals Limited (ASX:FCN) is ready to commence a diamond drilling programme at Collurabbie nickel-copper-PGE Project, the State Government has approved Mount Gibson Iron Limited (ASX:MGX) (PINK:MTGRF) upgrade of the train unloading facility at the Geraldton Port and UraniumSA Limited (ASX:USA) have advised that following in-fill drilling of the Blackbush Prospect within its Mullaquana Uranium Project.
Atlas Iron Limited (ASX:AGO) is pleased to report that the first ore from its two North Pilbara iron ore mines, Wodgina and Pardoo, is now being loaded on to the "Bergen Max" at the new Utah Port.
Atlas Iron Limited (ASX:AGO) is pleased to report that is now delivering ore to the new Utah Port from its two North Pilbara iron ore mines, Wodgina and Pardoo.
Atlas Iron Limited (ASX:AGO) is pleased to report that its plan to establish a centralised processing and haulage point to underpin its expansion push has been strongly supported by a pre-feasibility study. Known as the Turner River Hub, the centralised would blend and process ore from 3 of Atlas' 4 North Pilbara iron ore projects (Wodgina, Abydos and Mt Webber) in preparation for transport to the new Utah Point Port Facility at Port Hedland 95kms away.
Atlas Iron Limited (ASX:AGO) is pleased to announce a 50% increase in Reserves for its northern Pilbara Projects in a move which paves the way for the Company to increase production from the current planned rate of 6Mtpa towards its next target production rate of 12Mtpa by the end of 2012.
Atlas Iron Limited (ASX:AGO) is pleased to report its audited financial statements for the year ended 30 June 2010 as Atlas enters its the next phase of its growth. The Company's operations recorded a positive cashflow in the second half of the financial year. This milestone came on the back of improved iron ore prices and, importantly, reduced cash operating costs delivered by Atlas, as production levels began to ramp up. Atlas achieved operating cash inflows of A$8.5 million for the second half, while funding the build of significant inventory levels in readiness for export, as port capacity at Utah Point becomes available.
Atlas Iron Limited (ASX:AGO) is pleased to report that the implementation of the merger between Aurox Resources Limited (ASX:AXO) (PINK:AUOXF) and Atlas by way of scheme of arrangement has taken place today (Scheme).
