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 following final Government approval for its Wodgina DSO Iron Ore Project ("Wodgina"), mining at Wodgina is due to start early next month. Atlas remains on target to commence shipping ore through Utah Point in October 2010 and achieve iron ore exports at a combined rate of 6 million tonnes per annum (Mtpa) from its Wodgina and Pardoo DSO mines in Western Australia by December 2010, growing to a rate of 9 million tonnes by the end of 2011 following the planned commissioning of the Abydos project.
Atlas Iron (ASX:AGO) is pleased to announce that the Port Hedland Port Authority has granted it permission to make additional shipments between June and September 2010 via Berth 1, enabling the Company to boost its sales at a time of strong iron ore prices.
Atlas Iron Limited (ASX:AGO) is pleased to provide a Quarterly Activities Report for the period ending 31 March 2010.
Atlas Iron Limited (ASX:AGO) is pleased to announce that it has secured final Government approval for its Wodgina DSO Iron Ore Project ("Wodgina") to allow the commencement of mining. A mining fleet will now mobilise to site immediately, with mining due to start in early June 2010.
Today Australian shares continued their losing streak in early trade, despite a positive lead from Wall Street. Yesterday the Asian and Australian market declined massively on the back to credit ratings downgrades for Greece and Portugal. Australian market's decline today was led by financial shares.
Atlas Iron Limited (ASX:AGO) is pleased to announce that it will raise up to A$63.5 million to fund a substantial increase in production and shipments in the second half of this calendar year.
ABN Newswire stocks to watch include: Atlas Iron Limited (ASX:AGO), Marion Energy Limited (ASX:MAE) (PINK:MAEJF), Exco Resources Limited (ASX:EXS) (PINK:EXRSF), WestSide Corporation Limited (ASX:WCL), AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF), Magnetic Resources Limited (ASX:MAU), iSOFT Group Limited (ASX:ISF), Victory West Moly Limited (ASX:VWM), Adelaide Energy Limited (ASX:ADE) (PINK:ADEZF) and Pan Asia Corporation Limited (ASX:PZC).
Atlas Iron Limited (ASX:AGO) is pleased to provide an operational update on recent progress towards achieving iron ore exports at a combined rate of 6 million tonnes per annum (Mtpa) from its Wodgina and Pardoo DSO operations in Western Australia by December 2010.
Atlas Iron Limited (ASX:AGO) and Aurox Resources Limited (ASX:AXO) (PINK:AUOXF) yesterday announced to the Australian Securities Exchange (ASX) that they have executed a Scheme Implementation Agreement to effect a merger of the two companies by way of Scheme of Arrangement. Atlas will issue Aurox shareholders with one Atlas share for every three Aurox shares they hold upon implementation. The merger has been unanimously recommended by the Board of Aurox and the Aurox Board members intend to vote in favour of the Scheme in relation to their personal shareholdings in Aurox, in the absence of a superior proposal.
ABN Newswire stocks to watch today include: Atlas Iron Limited (ASX:AGO), D'Aguilar Gold Limited's (ASX:DGR), Lions Gate Metals Inc. (CVE:LGM) (PINK:LGMFF), Magnetic Resources Nl (ASX:MAU), Universal Resources Limited (ASX:URL), Victory West Moly Limited (ASX:VWM) and ABM Resources NL (ASX:ABU).
