Atlas Iron

Last updated
Atlas Iron Limited
Type Public
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
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]

Contents

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]

Related Research Articles

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.

Hamersley Range Mountain range in the Pilbara region of Western Australia

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. Juukan Gorge lies within the ranges, as does Karijini National Park.

Goldsworthy railway Private railway in Pilbara region of Western Australia

The Goldsworthy railway, owned and operated by BHP, is a private rail network in the Pilbara region of Western Australia built to carry iron ore. It is one of two railway lines BHP operates in the Pilbara, the other being the Mount Newman railway.

The Mount Ida Gold Mine is a gold mine located 86 km north-west of Menzies, Western Australia.

Hill 50 Gold Mine Mine in Western Australia

The Hill 50 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.

Fortescue railway Private railway in Pilbara region of Western Australia

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 tonnes axleloads, 2.5 to 5 tonnes heavier than the other Pilbara iron ore rail systems. On 4 November 2014, FMG Rail commenced trialling 42 tonnes axle loads.

The Nammuldi mine is an iron ore mine located in the Pilbara region of Western Australia, 60 kilometres north-west of Tom Price.

The Mesa J mine is an iron ore mine located in the Pilbara region of Western Australia, 16 kilometres south-west of Pannawonica.

The Channar mine is an iron ore mine located in the Pilbara region of Western Australia, 17 kilometres south-east of Paraburdoo.

The West Angelas mine is an iron ore mine located in the Pilbara region of Western Australia, 110 kilometres North West of Newman.

The Hope Downs mine is an iron ore mining complex located in the Pilbara region of Western Australia. It comprises four large open-pit mines. The mines are co-owned by the Hancock Group and Rio Tinto, and the complex was named after Hope Hancock.

Brockman 4 mine

The Brockman 4 mine is an iron ore mine located in the Pilbara region of Western Australia, 60 km (37 mi) north-west of Tom Price. The mine, located near the existing Brockman mine, was opened in 2010. The mine is fully owned and operated by Rio Tinto Iron Ore, which owns many mines in the area. The mine is serviced by the Boolgeeda Airport.

Mount Whaleback mine

The Mount Whaleback mine is an iron ore mine located in the Pilbara region of Western Australia, six kilometres west of Newman.

Iron ore mining in Western Australia Mining in Western Australia

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 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.

Lithium mining in Australia is highlighted by the Greenbushes hard-rock lithium mine in Western Australia, labelled by the Sydney Morning Herald, "the world's largest hard-rock lithium mine". Lithium is a soft metal with a silvery-white appearance. It is recovered from mineral deposits, mostly from spodumene and large lithium rich brines in salt lakes. According to Statista, as of 2018, Australia has surpassed Chile to become the largest producer of lithium by metric tonnes. Australia is home to lithium miners, Orocobre, Galaxy Resources, Pilbara Minerals, Mineral Resources and Altura Mining with most of the large lithium miners producing lithium from hard-rock spodumene in Western Australia.

Mineral Resources Limited 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.

References

  1. 1 2 Atlas Iron Australian Securities Exchange website, accessed: 25 November 2010
  2. 1 2 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. 1 2 "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.
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