Atlas Iron Limited (PDF 101KB)

Total Page：16

File Type：pdf, Size：1020Kb

Atlas Iron Limited Stock Exchange Listing • ASX: AGO Company profile Atlas is an emerging, low-cost Australian iron ore producer which commenced production and exports from its 100%- owned Pardoo DSO (Direct Shipping Ore) Project in late 2008. Atlas is an active explorer and developer focused on the discovery and development of high quality iron ore projects within its extensive 8,900km2 Pilbara landholding, with the principal projects located close to existing infrastructure and within a 150km radius of Port Hedland. With production underway at Pardoo at an initial rate of 1Mtpa, the Wodgina DSO Project is expected to deliver company-changing growth for Atlas in the medium term. Atlas has an initial production target of 3Mtpa for Wodgina with mining targeted to commence in the area in December 2009, where Atlas has an agreement in place to access the existing mine infrastructure of the Wodgina tantalum mine. This will be followed by development of the Wodgina operational centre in December 2010. The development of the greater Abydos Area together with growing export tonnages from Pardoo will underpin Atlas’ objective of increasing DSO production rate to 12Mtpa by 2012 and 16Mtpa the following year. Click here to access the company's 2008 Annual Report Recent Developments In the past 6 months Atlas has pursued an aggressive exploration campaign, in spite of the Global Financial Crisis, which has delivered a 67% increase in Direct Shipping Ore (DSO) resources. Atlas is also pushing ahead with final planning for development of the Wodgina mine by year’s end. Future Outlook • Further growth in resources and reserves – exploration target of 170-220Mt of DSO grading 57-60% Fe • Low-cost expansion of Pardoo DSO Project to 2.5Mtpa • Targeting first production at Wodgina DSO Project by Q1 2010 at 2Mtpa growing to 3Mtpa later that year • Complete Abydos Definitive Feasibility Study and 3Mtpa permitting • Grow production at Abydos (2010) • Maintain a dynamic, safe, productive and family friendly workplace that continues to attract and retain a high calibre workforce • Create the largest positive impact on the largest number of people • Deliver strong positive and sustainable indigenous outcomes PO Box 223, West Perth, Western Australia, 6872 Telephone: +61 8 9476 7900 Email: [email protected] Website: www.atlasiron.com.au Atlas Iron Limited Operations • Currently mining at Pardoo at an annualised rate in excess of 1Mtpa growing to 2.5Mtpa • Mine planning underway for Wodgina mine development (feasibility study completed) • Actively exploring at Wodgina, Mt Webber and Abydos, south of Port Hedland • Resource and reserve definition ongoing at Wodgina, Abydos and Mt Webber Significant Contractual Arrangements 100% of the DSO ore production from Pardoo is covered by four separate off-take agreements with Chinese steel mills. Commencing off-take negotiations for Wodgina DSO Project ore in Q3 of 2009. Resources / Reserves Estimates Pardoo DSO Project Project Resource: 28.1Mt at 56.1% Fe Project Reserve: 8.4Mt at 57.4% Fe Wodgina DSO Project Project Resource: 66.9Mt at 56.6% Fe (Wodgina & Abydos) Project Reserve: 17.0Mt at 58.2% Fe (Wodgina & Abydos) Mt Webber DSO Project Drill results to date include: 42m at 60.9% Fe, 38m at 61.4% Fe Project Resource due 32.6m at 57.3% Fe Ridley Magnetite Project Project Resource: 2 billion tonnes at 36.5% Fe Project Reserve: 970Mt at 36% Fe The information above is supplied by Atlas Iron Limited PO Box 223, West Perth, Western Australia, 6872 Telephone: +61 8 9476 7900 Email: [email protected] Website: www.atlasiron.com.au .

Copy Link

Recommended publications

Atlas Iron Limited September 2011
QUARTERLY REPORT ATLAS IRON LIMITED SEPTEMBER 2011 25 October 2011 HIGHLIGHTSFOR THE SEPTEMBER 2011 QUARTER . 1.465 Mt (WMT) shipped during the September 2011 quarter, consistent with the June 2011 quarter. Maiden dividend of 3 cents per share paid post quarter end following maiden annual profit announced during the quarter . Atlas achieved an average price per tonne for its product of ~ USD 152/t CFR (DMT) . Unaudited notional cash operating costs (FOB, excluding royalties) remain consistent with guidance of $42-45/t range for the 2012 financial year . $373 million cash on hand at 30 September 2011. $390 million cash on hand at 21 October 2011 after payment of $26.6 million in dividends post quarter end . Atlas’ successful off-market takeover offer of FerrAus Limited closed on 5 October 2011 with Atlas moving to compulsory acquisition on 6 October 2011 . DSO Resources at the end of the September 2011 quarter stand at 1.035Bt at 56.3%Fe . Atlas is on target to continue to ship at a rate of approximately 1.5Mt in the December 2011 quarter (6Mtpa) . Wodgina expansion commenced and initial payments of $23.1 million made to Global Advanced Metals, as part Wodgina infrastructure access agreement announced in May 2011 . $18.7 million strategic investment in Brazilian iron ore explorer and developer, Centaurus Metals (ASX Code: CTM) completed . Horizon 1 Strategy feasibility studies (inclusive of rail analysis) is expected to completed by 31 March 2012 “This has been a massive period for Atlas. The team have delivered on production targets within cost guidance, announced our first profit, paid a maiden dividend, achieved the takeover of FerrAus, completed 45,000 metres of drilling, advanced delivery of our growth projects and grew DSO resources to over 1 billion tonnes,” commented Atlas Managing Director, David Flanagan.
[Show full text]
Atlas Iron Limited June 2010
JUNE 2010 QUARTERLY REPORT 28 JULY 2010 HIGHLIGHTS FOR THE JUNE 2010 QUARTER Mining commences at Wodgina. Atlas is on track to more than quadruple Pilbara iron ore exports to a 6Mtpa rate by December 2010. 173,557 WMT shipped. 322,686 ore tonnes processed. 283,114 ore tonnes mined. Improved costs at Pardoo as production ramps up. Hercules prospect discovered at Wodgina. Maiden Inferred resource on the Wishbone deposit at the Warrawanda Project, south east Pilbara. $63.5 million fund raising completed in May 2010 to fast track ramp up of DSO production to benefit from strong market demand. $155.2 million of cash on hand at 30 June 2010. Subsequent to the end of the quarter: commissioning of the Wodgina crushing and screening facility was completed, with ore production expected to commence in mid- August. JUNE 2010 QUARTERLY REPORT Page 1 of 9 QUARTERLY REPORT ATLAS IRON LIMITED JUNE 2010 OPERATIONS PRODUCTION Table 1: Mine Production 12 June March Variance Variance Months to Quarter Quarter Quarter Quarter June 30 10 (t) 10 (t) (t) (%) (t) Ore Tonnes Mined 283,114 389,703 -106,589 -27% 1,239,813 Ore Tonnes Processed 322,686 335,155 -12,469 -4% 1,258,683 Ore Tonnes Shipped (Dry) 164,706 326,521 -161,815 -50% 1,109,159 Table 2: Inventory June March Variance Variance Quarter 10 (t) Quarter 10 (t) Quarter (t) Quarter (%) Run of Mine Ore Stocks 42,647 71,936 -29,289 -41% Final Product Stocks - Site 34,691 63,782 -29,091 -46% Final Product Stocks - Port 242,152 101,766 140,386 138% Mining during the quarter at Pardoo focussed on pit development and waste mining at the South Limb and Alice East as the site prepares for expanded production leading up to the end of the calendar year.
[Show full text]
The Mineral Industry of Australia in 2008
2008 Minerals Yearbook AUSTRALIA U.S. Department of the Interior August 2010 U.S. Geological Survey THE MINERAL INDUS T RY OF AUS T RALIA By Pui-Kwan Tse Australia was one of the world’s leading mineral producing and the Brockman iron project in the Pilbara region of Western countries and ranked among the top 10 countries in the world Australia (Australian Bureau of Agricultural and Resource in the production of bauxite, coal, cobalt, copper, gem and Economics, 2009a). near-gem diamond, gold, iron ore, lithium, manganese ore, tantalum, and uranium. Since mid-2008, the global financial Minerals in the National Economy crisis had sharply weakened world economic activities, and the slowdown had been particularly pronounced in the developed Australia’s mining sector contributed more than $105 billion countries in the West. Emerging Asian economies were also to the country’s gross domestic product (GDP), or 7.7% of the adversely affected by the sharply weaker demand for exports GDP during fiscal year 2007-08. In 2008, the mining sector and tighter credit conditions. After a period of strong expansion, employed 173,900 people who worked directly in mining and an Australia’s economic growth decreased by 0.5% in the final additional 200,000 who were involved in supporting the mining quarter of 2008. Overall, Australia’s economy grew at a rate activities. Expectations of sustained levels of global demand for of 2.4% during 2008. During the past several years, owing to minerals led to increased production of minerals and metals in anticipated higher prices of mineral commodities in the world Australia, and the mineral industry was expected to continue markets, Australia’s mineral commodity output capacities to be a major contributor to the Australian economy in the next expanded rapidly.
[Show full text]
Comprehensive Strategic Analysis of the Tantalum Industry
COMPREHENSIVE STRATEGIC ANALYSIS OF THE TANTALUM INDUSTRY by Joel JEANGRAND PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION In the Faculty of Business Administration O Joel JEANGRAND 2005 SIMON FRASER UNIVERSITY Summer 2005 All rights reserved. This work may not be reproduced in whole or in part, by photocopy or other means, without permission of the author. APPROVAL Name: Joel Jeangrand Degree: Master of Business Administration Title of Project: Comprehensive Strategic Analysis of the Tantalum Industry Supervisory Committee: Senior Supervisor Mark Selman, Adjunct Professor Second Reader Neil Abramson, Associate Professor Date Approved: DECLARATION OF PARTIAL COPYRIGHT LICENCE The author, whose copyright is declared on the title page of this work, has granted to Simon Fraser University the right to lend this thesis, project or extended essay to users of the Simon Fraser University Library, and to make partial or single copies only for such users or in response to a request from the library of any other university, or other educational institution, on its own behalf or for one of its users. The author has further granted permission to Simon Fraser University to keep or make a digital copy for use in its circulating collection, and, without changing the content, to translate the thesislproject or extended essays, if technically possible, to any medium or format for the purpose of preservation of the digital work. The author has further agreed that permission for multiple copying of this work for scholarly purposes may be granted by either the author or the Dean of Graduate Studies.
[Show full text]
Ravensthorpe Nickel BHP Billiton Project Opens on South Coast Resources Education Partnerships Formed for Industry's Future
WESTERN AUSTRALIA’S INTERNATIONAL RESOURCES DEVELOPMENT MAGAZINE June - August 2008 $3 (inc GST) Ravensthorpe Nickel BHP Billiton project opens on south coast Print post approved PP 665002/00062 approved Print post Resources education Partnerships formed for industry’s future DEPARTMENT OF INDUSTRY AND RESOURCES Investment Services 1 Adelaide Terrace East Perth, Western Australia 6004 Tel: +61 8 9222 3333 • Fax: +61 8 9222 3862 Email: [email protected] www.doir.wa.gov.au INTERNATIONAL OFFICES Europe European Office • 5th floor, Australia Centre Corner of Strand and Melbourne Place London WC2B 4LG • UNITED KINGDOM Tel: +44 20 7240 2881 • Fax: +44 20 7240 6637 Email: [email protected] India — Mumbai Western Australian Trade Office 93 Jolly Maker Chambers No 2 9th floor, Nariman Point • Mumbai 400 021 • INDIA Tel: +91 22 6630 3973 • Fax: +91 22 6630 3977 Email: [email protected] India — Chennai Western Australian Trade Office - Advisory Office 1 Doshi Regency • 876 Poonamallee High Road Kilpauk • Chennai 600 084 • INDIA Tel: +91 44 2640 0407 • Fax: +91 44 2643 0064 Email: [email protected] Indonesia — Jakarta Facing up to the challenges Western Australia Trade Office Wisma Budi Building Floor 5 Suite 504 JI H R Rasuna Said Kav C-6 Kuningan, Jakarta 12940 • INDONESIA Tel: +62 21 5290 2860 • Fax: +62 21 5296 2722 It seems strange to talk of the challenges facing the Western Australian Email: [email protected] resources industry when the sales value of minerals and petroleum from the Japan — Tokyo Government of Western Australia, Tokyo Office State jumped 7 per cent last year to A$53.1 billion, and spending on exploration 13th floor, Fukoku Seimei Building for new resources was a record at more than A$3 billion.
[Show full text]
Mineral Resources Limited Annual Report 2019
MINERAL RESOURCES LIMITED 2020 ANNUAL REPORT | ABN 33 118 549 910 MINERAL RESOURCES LIMITED 2020 ANNUAL REPORT COVID-19 THIS YEAR IS DEDICATED TO OUR PEOPLE. TEAMWORK NEVER MATTERED MORE. Mineral Resources has a proud history of innovating and adapting to the changing environment in which we live and operate. But no one could have predicted that the outbreak of a bug named COVID-19, a long way away from Western Australia, would threaten to stop the world – including the world MRL operates in. It was clear to the MRL leadership team that this dangerous and insidious virus would become a global issue – and that we needed to do everything possible to minimise the impact on our people and, therefore, our business. From the very beginning, our guiding principle that would drive our actions – and continues to drive everything we do – was to keep all our people in their jobs. We needed to make sure that everyone kept collecting their normal pay to enable them to support their family with certainty and have the knowledge their home was safe and secure. Everything else to us was secondary. With a global issue like the coronavirus pandemic, there was always going to be a limit to the steps we could take and the actions we could control. The success of MRL’s response to the coronavirus pandemic has been extraordinary and is the result of the discipline displayed by each and every member of the MRL family. What we have done has not been easy. But every action taken was with a single goal in mind – to keep every MRL person employed.
[Show full text]
AUSTRALIA's Identified Mineral Resources 2009
AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2009 AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2009 Australian Government Geoscience Australia Resources, Energy and Tourism Portfolio Minister for Resources, Energy and Tourism: The Hon. the Hon Martin Ferguson AM, MP Geoscience Australia Chief Executive Officer: Dr Neil Williams © Commonwealth of Australia, 2008 This work is copyright. Apart from any fair dealings for the purposes of study, research, criticism, or review, as permitted under the Copyright Act 1968, no part may be reproduced by any process without written permission. Copyright is the responsibility of the Chief Executive Officer, Geoscience Australia. Requests and enquiries should be directed to the Chief Executive Officer, Geoscience Australia, GPO Box 378, Canberra ACT 2601. ABN: 80 091 799 039. Geoscience Australia has tried to make the information in this product as accurate as possible. However, it does not guarantee that the information is totally accurate or complete. Therefore, you should not rely solely on this information when making a commercial decision. ISSN 1327-1466 Bibliographic reference: Geoscience Australia 2009. Australia’s Identified Mineral Resources 2009. Geoscience Australia, Canberra. FRONT COVER: Iron ore loading at Cape Lambert port facilities, Western Australia (Rio Tinto Iron Ore). DESI GN AND LAYOUT: Henry Pippan, Geoscience Australia AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2009 Foreword Geoscience Australia provides important information on Australia’s future mineral production capacity. Australia’s Identified Mineral Resources is an annual nation-wide assessment which takes a long term view of what is potentially economic. Data on mining company estimates of ore reserves, which are generally based on short to medium-term commercial considerations, are included for comparison.
[Show full text]
Mineral Resources Limited
ANNUAL REPORT MINERAL RESOURCES LIMITED 2018 About this report This annual report is a summary of Mineral Resources Limited’s operations and financial results for the financial year ended 30 June 2018. All references to ‘MRL’, ‘the Company’, ‘the Group’, ‘we’, ‘us’ and ‘our’ refer to Mineral Resources Limited (ABN 33 118 549 910) and the entities it controlled, unless otherwise stated. References in this report to a ‘year’ are to the financial year ended 30 June 2018 unless otherwise stated. All dollar figures are expressed in Australian dollars (AUD) unless otherwise stated. All references to ‘Indigenous’ people are intended to include Aboriginal and/or Torres Strait Islander people. CONTENTS CHAIRMAN’S LETTER �� 3 MANAGING DIRECTOR'S REPORT �� 5 FINANCIAL HISTORY �� 6 OUR COMPANY. �� 8-12 OPERATIONAL REVIEW �� 14 HEALTH AND SAFETY �� 15 MINING SERVICES ��
[Show full text]
Australia's Identified 2002 M I N E R a L 2002 Resources
AIMR_2002_layout 10/22/02 1:18 PM Page 1 GEOSCIENCE AUSTRALIA AUSTRALIA’S IDENTIFIED 2002 MINERAL 2002 RESOURCES 2002 2AUSTRALIA’S0 IDENTIFIED MINERAL0 RESOURCES2 AIMR_2002_layout 10/22/02 1:18 PM Page 3 AUSTRALIA’S IDENTIFIED MINERAL RESOURCES Geoscience Australia Industry, Tourism & Resources Portfolio Minister for Industry, Tourism & Resources: The Hon. Ian Macfarlane, MP. Parliamentary Secretary: The Hon. Warren Entsch, MP Geoscience Australia* Chief Executive Officer: Dr Neil Williams © Commonwealth of Australia 2002 This work is copyright. Apart from any fair dealings for the purposes of study, research, criticism, or review, as permitted under the Copyright Act 1968, no part may be reproduced by any process without written permission. Copyright is the responsibility of the Chief Executive Officer, Geoscience Australia. Requests and enquiries should be directed to the Chief Executive Officer, Geoscience Australia, GPO Box 378, Canberra, ACT 2601. ABN: 80 091 799 039. Geoscience Australia has tried to make the information in this product as accurate as possible. However, it does not guarantee that the information is totally accurate or complete. THEREFORE, YOU SHOULD NOT RELY SOLELY ON THIS INFORMATION WHEN MAKING COMMERCIAL DECISIONS. ISSN 1327-1466 Bibliographic reference, Geoscience Australia 2002. Australia’s identified mineral resources 2002. Geoscience Australia, Canberra. Front cover Ranger uranium processing plant, Alligator Rivers region, Kakadu National Park, Northern Territory (Energy Resources of Australia) Design & layout Karin Weiss, Geospatial Applications & Visualisation (GAV), Geoscience Australia * Geoscience Australia grew out of the Bureau of Mineral Resources (BMR) and the Division of National Mapping, both of which were founded soon after World War 2. BMR became the Australian Geological Survey Organisation (AGSO) in 1992, several years after the Division of National Mapping had become the Australian Surveying and Land Information Group (AUSLIG).
[Show full text]
Australia's Idendified Mineral Resources
AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2009 AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2009 Australian Government Geoscience Australia Resources, Energy and Tourism Portfolio Minister for Resources, Energy and Tourism: The Hon. the Hon Martin Ferguson AM, MP Geoscience Australia Chief Executive Officer: Dr Neil Williams © Commonwealth of Australia, 2008 This work is copyright. Apart from any fair dealings for the purposes of study, research, criticism, or review, as permitted under the Copyright Act 1968, no part may be reproduced by any process without written permission. Copyright is the responsibility of the Chief Executive Officer, Geoscience Australia. Requests and enquiries should be directed to the Chief Executive Officer, Geoscience Australia, GPO Box 378, Canberra ACT 2601. ABN: 80 091 799 039. Geoscience Australia has tried to make the information in this product as accurate as possible. However, it does not guarantee that the information is totally accurate or complete. Therefore, you should not rely solely on this information when making a commercial decision. ISSN 1327-1466 Bibliographic reference: Geoscience Australia 2009. Australia’s Identified Mineral Resources 2009. Geoscience Australia, Canberra. FRONT COVER: Iron ore loading at Cape Lambert port facilities, Western Australia (Rio Tinto Iron Ore). DESI GN AND LAYOUT: Henry Pippan, Geoscience Australia AUSTRALIA’S IDENTIFIED MINERAL RESOURCES 2009 Foreword Geoscience Australia provides important information on Australia’s future mineral production capacity. Australia’s Identified Mineral Resources is an annual nation-wide assessment which takes a long term view of what is potentially economic. Data on mining company estimates of ore reserves, which are generally based on short to medium-term commercial considerations, are included for comparison.
[Show full text]
From Christmas Creek
Subterranean Ecology Pty Ltd Scientific Environmental Services www.subterraneanecology.com.au CHRISTMAS CREEK LIFE OF MINE PROJECT Terrestrial SRE Invertebrate Survey Prepared for Fortescue Metals Group Limited 16 July 2012 CHRISTMAS CREEK LIFE OF MINE PROJECT TERRESTRIAL SRE INVERTEBRATE SURVEY FINAL REVISION 0 Subterranean Ecology Pty Ltd Scientific Environmental Services ABN 91 131 924 037 Suite 8, 37 Cedric St STIRLING WA 6021 Email: [email protected] www.subterraneanecology.com.au Report No. 2011/08 Prepared for Fortescue Metals Group Limited 16 July 2012 COVER: Juvenile specimen of Antichiropus sp. ‘christmas’, collected from Christmas Creek. Photo copyright Subterranean Ecology 2011. COPYRIGHT: This document has been prepared to the requirements of the client identified above, and no representation is made to any third party. It may be cited for the purposes of scientific research or other fair use, but it may not be reproduced or distributed to any third party by any physical or electronic means without the express permission of the client for whom it was prepared or Subterranean Ecology. LIMITATIONS: This survey was limited to the requirements specified by the client and the extent of information made available to the consultant at the time of undertaking the work. Information not made available to this study, or which subsequently becomes available may alter the conclusions made herein. VERSION PREPARED BY REVIEWED BY RECIPIENT DATE Rev B S. Callan & S. Danti R. Keogh (peer review) 15 June 2011 Rev C S. Callan & S. Danti S. Callan L. Egerton, T. Edwards 17 June 2011 Rev D S. Callan A. Lyons T.
[Show full text]
For Personal Use Only for Personal Use Only for Personal Use Only for Personal Use Only Use Personal For
For personal use only For personal use only For personal use only For personal use only 2 4 Our Vision & Atlas Spirit 6 Our Values 8 Our History 10 Highlights 12 Our Board 15 Chairman’s Review 19 Managing Director’s Review 23 Operations Review 27 Mine Production & Shipping 28 Pardoo Mine Operation 29 Wodgina Mine Operation 30 Utah Point Port Facility 33 Corporate Review 37 Financial & Commercial Review 37 Iron Ore Sales and Marketing 41 Commercial 45 Financial 47 Government Relations 49 Development 55 Projects 59 Land Access, Heritage & Approvals 61 Exploration & Resource Development 67 HSEC 67 Health & Safety 68 Environment 70 Community 72 Philanthropy 75 Our People 78 Employment Opportunities & Diversity 80 Auras 81 Financial Report 82 Corporate Information 84 Directors’ Report 105 Financial Statements 152 ASX Additional Information 154 Corporate Governance Statement For personal use only 3 To build a truly great Australian company that is a fantastic place to work, makes the world a better place and delivers outstanding returns for shareholders. A company our families are all proud of. For personal use only 4 ATLAS IRON LIMITED ANNUAL REPORT 2012 : OUR COMPANY The Atlas spirit is the foundation of its exceptional people and it’s in everyone’s hands. Every manager, leader and employee from the field to the boardroom, makes a genuine difference to the Company. We empower every empoyee to make a difference and recognise the impact that their contribution will have on the success of our business. As Atlas grows from strength-to-strength, it is this unique spirit that keeps us at the forefront of our industry.
[Show full text]