Latest News
Catch up on the latest news and insights from Atlas.
MinRes, Roy Hill, Hancock have big port plans
Ellison said yesterday the agreement with Hancock and Roy Hill was the first of its kind in the Australian resources industry. "Our long-stated strategy is to transition from short-life, high-cost mines to lower-cost, longlife operations underpinned by innovative infrastructure solutions," he said.
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Infrastructure Deal Could Help Mineral Resources Develop Marillana
Mineral Resources' infrastructure agreement with Roy Hill and Hancock Prospecting could enable the ASX-listed miner to develop stranded iron-ore resources such as its Marillana project, Macquarie says. "A development of Marillana and the infrastructure agreement presents upside risk to our base-case earnings and valuation for MIN," says Macquarie, which doesn't ...
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Mineral Resources (ASX:MIN) enters agreement with Hancock and Roy Hill
Mineral Resources (MIN) has entered into a rail and port agreement with Hancock Prospecting and Roy Hill.“Our long-stated strategy is to transition from short-life, high-cost mines to lower-cost, longlife operations underpinned by innovative infrastructure solutions. Developing our stranded assets will provide additional growth for MIN’s unique mining services ...
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Rinehart and Ellison join forces to create new iron ore export hub
Hancock Prospecting outlined its plans for a number of new iron ore developments both at its own 1Bt-plus Mulga Downs deposit and through subsidiary Atlas Iron in its annual report on Friday, in which Rinehart’s company posted an eye-watering $7.3 billion profit for FY2021. MinRes, Hancock and Roy Hill have ...
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Gina Rinehart, Mineral Resources’ Chris Ellison strike Pilbara port, rail deal
WA mining identities Gina Rinehart and Chris Ellison will join forces in a landmark deal to develop new port facilities at South West Creek in Port Hedland to help unlock stranded iron ore assets in the Pilbara. Mr Ellison described the partnership and infrastructure-sharing deal as the first of its ...
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Hancock & MRL reach agreement for port & rail joint-venture
Hancock Prospecting Pty Limited (Hancock) and Mineral Resources Limited (MRL) are pleased to announce that they have entered into a legally binding agreement under which they will jointly investigate the potential to develop a new iron ore export facility at the Port of Port Hedland’s Stanley Point berth 3 in ...
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6PR Interview | Liam Bartlett speaks with Dean Nalder
Discussion in relation to Gina Rinehart suggested innovations of change to the aged pension system.
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RINEHART’S ATLAS POSTS ALMOST $1BN PROFIT
It also sets the scene for Hancock to reveal what will almost certainly be the biggest profit for a private Australian company later this year. Mrs Rinehart said the importance of mining to Australia had “never been more evident during (2021), a time in which I am immensely proud of Atlas ...
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Atlas maps out iron-clad profit for a third year
Atlas operates the Mt Webber mine 230km from Port Hedland in WA and the newly commissioned Sanjiv Ridge mine that had its first shipment in the 2021 finance year. The Atlas profit comes after Mrs Rinehart's huge Roy Hill mine served up a massive $4.4bn net profit for the year to ...
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Big profit boost for Atlas
Atlas' sales increased by 6.6% to 9.7 million tonnes, while revenue was up 66% to $1.7 billion due to a 58% increase in average realised iron ore prices. The company successfully completed construction of the Sanjiv Ridge iron ore mine and started hauling ore one month ahead of schedule. Atlas has turned its attention to ...
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ATLAS PROFIT ROCKETS
Ms Rinehart, used the release of Atlas' results to warn that an "efficient and effective" frame work for the development of new projects free of duplication would be vital to attract the money needed to build the mines of the future. "When mining does well, so does Australia," she said. "...
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Atlas rides iron ore wave
Hancock Prospecting-owned Atlas Iron is the latest player to reap the benefits of a buoyant iron ore market, posting a $938 million profit for the end of the financial year. Group chair Gina Rinehart said she was immensely proud of her company’s performance but warned industry should be wary of “...
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Gina Rinehart’s Atlas Iron posts near $1bn profit in big year for the billionaire’s iron ore assets
Atlas Iron has delivered billionaire Gina Rinehart almost $1.5bn in profits in only three years, since she beat fellow mining magnates Andrew Forrest and Chris Ellison to acquire the junior miner for $427m. The Pilbara iron ore miner’s net profit soared by 146 per cent to $938m for the 2021 financial ...
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Gina Rinehart renews red tape warning for new mining projects as Atlas Iron profit skyrockets
“The importance of mining to Australia has never been more evident than during the 2020/21 financial year, a time in which I am immensely proud of Atlas and our people and their contribution to safeguarding the economic prosperity of West Australia and Australia,” Ms Rinehart said. “The mining industries and the ...
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FY2021 Results for Atlas Iron Pty Ltd
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Mining magnate Gina Rinehart backs changes to age pension system to keep older workers on the job
“We are a supporter of the government changing its policy where pension arrangements are concerned, so that pensioners can work should they so choose, without onerous tax resulting from their decision to work. “Hancock is a very patriotic company that supports investment in Australia, primary industries and jobs in WA ...
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