| |
Company type | Public |
---|---|
ASX: AGO | |
Industry | Resources |
Genre | Mining |
Predecessor | Atlas Gold Limited |
Founded | 2004 (Listed) |
Founder | David Flanagan |
Defunct | 2002 |
Headquarters | , |
Key people | Cliff Lawrenson (managing director) |
Products | |
Number of employees | Approx 600 |
Website | www.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]
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]
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]
The Pilbara is a large, dry, thinly populated region in the north of Western Australia. It is known for its Aboriginal peoples; its ancient landscapes; the red earth; and its vast mineral deposits, in particular iron ore. It is also a global biodiversity hotspot for subterranean fauna.
The Hamersley Range is a mountainous region of the Pilbara region of Western Australia. The range was named on 12 June 1861 by explorer Francis Thomas Gregory after Edward Hamersley, a prominent promoter of his exploration expedition to the northwest. The range is the second oldest mountain range in the world, having formed 3.4 billion years ago. Karijini National Park lies within the range.
Fortescue is a global metal mining company headquartered in Australia. Fortescue focused on iron ore mining under the name of Fortescue Metals Group (FMG) until July 2023. As of 2017, Fortescue is the fourth-largest iron ore producer in the world. The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP and Rio Tinto.
The Mount Ida Gold Mine is a gold mine located 86 km north-west of Menzies, Western Australia.
The Hill 50 Gold Mine, now referred to as the Mount Magnet Gold Mine, is a gold mine located 4 km north-west of Mount Magnet, Western Australia. The mine was, until July 2010, owned by Harmony Gold and had been placed in care and maintenance since 2007. In July 2010, Harmony sold the mine to Ramelius Resources, owner of the Wattle Dam Gold Mine, for A$40 million.
The Brockman 2 mine is an iron ore mine located in the Pilbara region of Western Australia, 60 kilometres north-west of Tom Price.
The Fortescue railway, owned and operated by Fortescue Metals Group (FMG), is a private rail network in the Pilbara region of Western Australia built to carry iron ore. It opened in 2008. When it was completed, it was the heaviest haul railway in the world, designed for 40 tonne axle loads, 2.5 to 5 tonnes heavier than the other Pilbara iron ore rail systems. On 4 November 2014, FMG Rail commenced trialling 42-tonne axle loads.
The Mesa J mine is an iron ore mine located in the Pilbara region of Western Australia, 16 kilometres south-west of Pannawonica.
The West Angelas mine is an iron ore mine located in the Pilbara region of Western Australia, 110 kilometres North West of Newman.
The Mount Whaleback mine, officially the Newman West operation, is an iron ore mine located in the Pilbara region of Western Australia, six kilometres west of Newman.
Iron ore mining in Western Australia, in the 2018–19 financial year, accounted for 54 percent of the total value of the state's resource production, with a value of A$78.2 billion. The overall value of the minerals and petroleum industry in Western Australia was A$145 billion in 2018–19, a 26 percent increase on the previous financial year.
The Area C mine is an iron ore mine located in the Pilbara region of Western Australia, 92 kilometres west-north-west of Newman.
The Jimblebar mine is an iron ore mine located in the Pilbara region of Western Australia, 41 kilometres east of Newman.
The Pardoo mine was an iron ore mine located in the Pilbara region of Western Australia, 75 kilometres east of Port Hedland.
The Wodgina mine is an exhausted iron ore mine located in the Pilbara region of Western Australia, 90 kilometres south of Port Hedland.
Australia has one of the biggest lithium reserves and is the biggest producer of lithium by weight, with most of its production coming from mines in Western Australia. Most Australian lithium is produced from hard-rock spodumene, in contrast to other major producers like Argentina, Chile and China, which produce it mainly from salt lakes.
Mineral Resources Limited, commonly known as MinRes, is a Western Australian mining services company.
The Mt Webber mine is an iron ore mine operated by Atlas Iron and located in the Pilbara region of Western Australia, 230 kilometres (140 mi) from Port Hedland, to where the ore is transported. Mt Webber, opened in 2014, is the company's primary operation.
The Sanjiv Ridge mine, formerly the Corunna Downs mine is an iron ore mine operated by Atlas Iron and located in the Pilbara region of Western Australia, 33 kilometres (21 mi) south of Marble Bar and 240 kilometres (150 mi) from Port Hedland. Ore from the mine is transported overland via road train to the Utah Point Bulk Commodities Berth at Port Hedland.
The Miralga Creek mine is an iron ore mine operated by Atlas Iron and located in the Pilbara region of Western Australia, 100 kilometres (62 mi) south-east from Port Hedland. Ore from the mine is transported overland via road train to the Utah Point Bulk Commodities Berth at Port Hedland.