Atlas Iron Limited - Responds to Media Comment on Possible Third Party Rail
03.08.2011 | ABN Newswire
13:06 AEST Aug 3, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Atlas Iron Limited (ASX:AGO) refers to media comment on possible third party rail. Atlas wishes to clarify that the feasibility of any third party rail is subject to all the necessary economic, infrastructure and environmental studies and approvals. At the date of this announcement, no agreement has been reached on the provision of a third party rail.
Should Atlas enter into an agreement on the provision of third party rail with a third party infrastructure provider, it will advise the market immediately.
Atlas is targeting a DSO export rate of 12Mtpa by the end of 2012 and 15Mtpa by 2015. Atlas will transport its ore from its Wodgina, Abydos and Mr Webber DSO projects via its proposed off-highway road network to Port Hedland, as outline in previous announcements.
About Atlas Iron Limited:
Atlas Iron Limited (ASX:AGO) is mining and exporting from its 100%-owned Pardoo and Wodgina Iron Ore projects, located 75 kilometres and 110km by road from Port Hedland in the Pilbara region of Western Australia. In the 2009/10 financial year Atlas shipped over 1.2 million tonnes of Pardoo Direct Shipping Ore (DSO). Atlas is expanding its production from its Wodgina and Pardoo DSO mines following the commissioning of the Utah Point port facility and is targeting exports at an annualised rate of 6 million tonnes by the end of 2010. When combined with additional export tonnages from its Abydos & Mt Webber DSO Projects, the Company is targeting exports at an annualised rate of 12 million tonnes during 2012.
Contact:
David Flanagan
Managing Director
Atlas Iron Limited
Tony Walsh
Company Secretary
Atlas Iron Limited
Telephone: +61-8-9476-7900
http://www.atlasiron.com.au