Atlas Iron

Hancock Prospecting subsidiary Atlas Iron has handed a joint venture mining contract to Ozland and East West Pilbara (EWP) at its Miralga Creek iron ore mine in Western Australia.

Atlas Iron has awarded Primero a four-year crushing services contract for the Miralga Creek iron ore project in Western Australia.

Atlas Iron has planned to start works to develop the Miralga Creek iron ore project in Western Australia after it received all primary approvals.

Atlas Iron has submitted a mining proposal to Western Australia’s Environmental Protection Authority (EPA) for its McPhee Creek iron ore project.

Atlas Iron has hauled its first shipment of iron ore from the Sanjiv Ridge operation in Western Australia ahead of schedule.

AngloGold Ashanti and Atlas Iron have awarded entertainment contracts to Swift Media for their Western Australian mine villages.

Atlas Iron has crushed first direct shipping ore at the Sanjiv Ridge (formerly Corunna Downs) mine in the Pilbara region in Western Australia.

Atlas Iron has received Western Australian Environmental Protection Authority (EPA) backing for its Miralga Creek iron ore project in the Pilbara.

Atlas Iron has awarded MACA a contract to carry out open pit mining services at the Corunna Downs iron project in the Pilbara region of Western Australia.

MACA Limited has been awarded a new road works project for Atlas Iron’s Corunna Downs iron ore project in the Pilbara region, Western Australia.

Hancock Prospecting has delivered a 90 per cent increase in profits during the 2019 financial year, largely owing to its acquisitions and development efforts.

BGC Contracting has secured a contract extension with Atlas Iron at the Mt Webber iron ore project in Western Australia.

Hancock Prospecting subsidiary Redstone Corporation has secured over 90 per cent of Atlas Iron’s shares, allowing the Gina Rinehart-owned company to commence a compulsory acquisition of the remaining shares.

Hancock Prospecting subsidiary Redstone Corporation will increase its share offer price for Atlas Iron shares from 4.2 cents to 4.6 cents on the condition that its share of the company increase from 77 per cent to 87 per cent.

Hancock Prospecting has increased its offer price to Atlas Iron, from 4.2 cents to 4.45 cents per Atlas share, in an attempt to secure at least 87 per cent voting power in the junior miner.

Hancock Prospecting has made its acquisition of Atlas Iron’s shares unconditional in an effort to push forward its all-cash takeover bid.

Atlas Iron’s directors have unanimously recommended shareholders accept Hancock Prospecting subsidiary Redstone Corporation’s $390 million takeover offer in a company target statement.

The Australian Securities and Investments Commission (ASIC) has granted Atlas Iron relief regarding the deadline of its target statement in response to a $390 million takeover offer from Gina Rinehart-owned Hancock Prospecting.

The Takeovers Panel will not take action following an application from a Fortescue Metals Group subsidiary to conduct proceedings into the takeover of Atlas Iron.

Atlas Iron’s board has unanimously recommended shareholders accept Hancock Prospecting’s $390 million offer for the company in the absence of a superior offer.