Atlas Iron

Atlas Iron Limited
Company typePublic
ASX: AGO
IndustryResources
GenreMining
PredecessorAtlas Gold Limited
Founded2004 (Listed)
FounderDavid Flanagan
Defunct2002
Headquarters
Perth
,
Australia
Key people
Cliff Lawrenson (managing director)
Products
Number of employees
Approx 600
Websitewww.atlasiron.com.au

Atlas Iron is an Australian mining company and an iron ore explorer, developer and producer, predominantly active in the Pilbara region and is owned by Redstone Resources, a fully owned subsidiary of Hancock Prospecting.[1][2] The company operates three iron ore mines in Western Australia.[3] In 2018 Atlas will expand its operation to start processing Lithium in a deal with Pilbara Minerals.[4]

Company history

Atlas was listed on the Australian Securities Exchange on the 17 December 2004,[1] under the name of Atlas Gold Limited. On 30 March 2006, the company changed its name to Atlas Iron Limited. The shares were traded under the AGO code.[5]

Atlas became Australia's newest iron ore producer when it commenced production at Pardoo in late 2008.[6]

The company plans to lift production from its Pilbara operations to 12 million tonnes of iron ore by 2014. Of these, 10 million tonnes are scheduled to come from the new Turner River hub, which is to blend and process ore from the company's northern Pilbara projects, located at Wodgina, Abydos and Mt Webber.[7]

In December 2010, Atlas Iron made a bid to buy Giralia Resources; it may be possible to merge Atlas' Mt Webber mine with Giralia's nearby Dalton mine.[8]

Atlas entered a mine gate sale agreement with Pilbara Minerals to receive direct shipping ore from Pilgangoora in December 2017.[4]

In October 2018 Atlas was acquired by Redstone Resources, a fully owned subsidiary of Hancock Prospecting,[2] and delisted from the Australian Securities Exchange on 21 November 2018.[9]

Mines

As of 2021, the company operates three mines, while four previously operating mines have been shut down because the resources were depleted. The operating mines are the Mt Webber mine, Sanjiv Ridge mine (formerly Corunna Downs) and Miralga Creek mine, with the later commencing mining in late February 2022. The formerly operating Pardoo, Wodgina, Abydos and Mt Dove mines have all been closed down.[10][11]

References

  1. ^ a b Atlas Iron Australian Securities Exchange website, accessed: 25 November 2010
  2. ^ a b Hosie, Ewen (18 October 2018). "Hancock secures compulsory takeover of Atlas Iron in Rinehart win". Australian Mining. Retrieved 27 February 2022.
  3. ^ http://www.atlasiron.com.au/irm/content/default.aspx Atlas Iron website, accessed: 25 March 2014
  4. ^ a b "PILBARA ENTERS MINE GATE SALE AGREEMENT WITH ATLAS TO SUPPLY DIRECT SHIPPING ORE FROM PILGANGOORA". 20 December 2017. Archived from the original on 29 December 2017. Retrieved 19 January 2022.
  5. ^ ATLAS IRON LIMITED (AGO) delisted.com.au, accessed: 25 November 2010
  6. ^ Atlas misses out as orders dry up The Age, published: 21 October 2008, accessed: 24 November 2010
  7. ^ Atlas Iron lifts exports ahead of schedule The Sydney Morning Herald, published: 1 November 2010, accessed: 24 November 2010
  8. ^ "Mining Journal – Atlas Iron makes US$825m bid for Giralia". Archived from the original on 2012-03-04. Retrieved 2010-12-21.
  9. ^ "Atlas Iron : Removal from Official List". 21 November 2018. Retrieved 3 March 2022.
  10. ^ "Our Operations". atlasiron.com.au. Atlas Iron. Retrieved 1 March 2022.
  11. ^ Murphy, Emily (1 March 2022). "Atlas Iron gets first ore at Miralga Creek". Australian Mining. Retrieved 3 March 2022.