Atlas Iron Mining News

Australia's Mineral Resources drops out of race for Atlas Iron

The company's withdrawal means all eyes are now on Fortescue, which still has a 19.9%-stake in Atlas and has not yet disclosed whether it plans to launch a rival bid or sell its holding into Hancock’s offer.

Iron ore magnate Rinehart offers $290 million in cash for Atlas

The offer from Australian billionaire Gina Rinehart's Hancock Prospecting values Atlas shares at 17% more than price reached at Friday close.

Australia's Mineral Resources okays Atlas talks with other potential buyers

Move comes a day after Fortescue Metals said it had built a stake in Atlas large enough to block a takeover.

Australia's Fortescue takes stake in Atlas Iron, may block buyout

Fortescue said it had agreed to buy a 15 percent stake in Atlas at A$0.04 per share, or A$55.7 million.

Atlas Iron reveals strategy to weather storm of discounts

2017-2018 shipment volume and cost guidance was set last August in 9 million-10 million wet tonnes.

Glencore buys major stake in troubled Aussie iron ore miner

It now owns 8.47% of Atlas Iron, which gives Glencore direct exposure to iron ore production.

Iron ore recovery gives miners breathing space

Prices for the steel-making material added Monday US$1.28 or 2.17% to US$59.09 a tonne, taking its gain since bottoming on April 2 to 25%.

Rio Tinto claims it will ‘thrive’ on lower iron ore prices

The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.

Citi’s 'end of the Iron Age' note triggers waves of downgrades

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

Atlas Iron shuts down production on low iron ore price

Atlas Iron is shutting down its operations due to low iron ore prices, the company announced on Friday.

Atlas Iron to take a $900 million write-down

It said the exact amount of the impairment is subject to forecast iron ore prices, exchange rates and market conditions when assessed on December 31.

Port Hedland's iron ore shipments to China fall in Sept

But with BHP Billiton's announced production boost the port is likely to recover quickly.

BHP vows to fight planned Aussie port strike

More than half country's iron ore shipped via export hub.

Plenty of room for smaller iron ore players

800m tonnes going into Asian markets that the big four can't displace says 10m tonne per year Pilbara producer Atlas Iron.