Latest News

Catch up on the latest news and insights from Atlas.

Iron ore boom to bolster Frydenberg’s war chest by $36b

Roy Hill founder Gina Rinehart made an early start on the dividend bonanza with a $1.35 billion first-quarter distribution to shareholders this month, while Fortescue is tipped to pay a total of $9.5 billion of dividends in the year to June 30.

Budget driven by WA

The sector is not only pumping royalties and taxes into government coffers and wages into the pockets of its workers and related occupations, it is also a big part of employment growth.

New high for iron ore a boost for Australia’s resources sector

Media Release of The Hon Keith Pitt MP, Minister for Resources, Water and Northern Australia. Global iron ore prices have hit record highs, surpassing the previous record from a decade ago and providing a welcome boost to Australia’s resources sector as the world recovers from the impact of the ...

Iron ore gives Budget boost

Australia’s Budget bottom line is recovering faster than expected, driven largely by the strength of WA’s iron ore sector, with analysts now suggesting it could be back in surplus within four years.

Anzac Day 2021

May our government understand, we need to better serve, those who defend or have defended and served our country.

Mining: Essential to Australia

The Australian April 2021

Iron ore price boom expected to send more royalties into WA’s coffers as year end approaches

WA’s budget surplus is climbing towards $4 billion as iron ore stretches its unexpectedly strong run into the last quarter of the financial year, potentially pumping another $800 million into government coffers.

ATLAS IRON TRUCKS FIRST SANJIV RIDGE IRON ORE

Atlas Iron has hauled its first shipment of iron ore from the Sanjiv Ridge operation in Western Australia ahead of schedule. The first delivery of iron ore to Port Hedland kickstarts the company's annual production target of four to five million tonnes. The shipment was transported using four haul trucks ...

RESOURCES SECTOR CONTINUES TO LEAD

WA’s booming resources sector reported record sales of $174 billion in 2020, underpinned by a $116b contribution from the State’s thriving iron ore industry .

Happy Easter to all!

Happy Easter from the team at Atlas Iron!

Iron ore boom, strong labour market ease budget woes

Australia is set to reap a budget windfall from booming iron ore prices and a stronger than expected economy and labour market, with a leading economist predicting a massive improvement over the government’s forecasts in its Mid-Year Economic and Fiscal Outlook in December.

Mine export surge holds up economy

A record $296 billion in forecast resources and energy exports this year is turbocharging Australia’s economic rebound from the COVID-19 downturn and will help offset the withdrawal of the federal government’s JobKeeper wage subsidy.

RESOURCES HIT $296B RECORD

Australia’s resources sector will again break export earnings records this financial year, underpinned by another record high in annual income from WA’s powerhouse iron ore industry.

Iron ore to drive $136bn windfall

Booming iron ore exports on the back of a global economic rebound linked to stimulus measures and supply shortages following the COVID-19 pandemic are expected to drive Australia’s resources and energy exports to a record $136bn.

World’s richest woman warns of iron ore crash

Gina Rinehart’s right-hand man is on the hustings with a stark warning:

Rinehart lieutenant warns MPs to prepare for iron ore price fall

One of Gina Rinehart’s most trusted lieutenants says Australia’s political leaders must looks at ways to reduce cost burdens like payroll tax ahead of an inevitable fall in iron ore prices. Article by Brad Thompson courtesy of the Australian Financial Review.