Subscribe to RSS feedAtlas reconfirms port access agreement
Atlas Iron shares climbed yesterday after the miner reconfirmed a Port Hedland port access agreement which will see its Atlas Pardoo ore project through to June next year.
The shares in the junior miner rose about 3% to $1.90 in afternoon trading yesterday.
In August 2008, Fortescue Metals Group gave Atlas Iron access to its Port Hedland port facility in Western Australia.
Atlas Iron aims to export 1m tonnes of ore in its first 12 months of operations from the Pardoo Iron Ore project, which is located 75 kilometres from Port Hedland.
However, yesterday's share price gains were erased this morning shares after Warwick Resources shareholders voted in favour of a proposed merger with Atlas.
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