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Category: Atlas

Hancock exec says Cook’s California dream may mean higher emissions

The head of projects at Hancock Prospecting says a plan to make Western Australia the “California of Australia” was riddled with regulatory shortcomings that will hold back the transition to green steel. Sanjiv Manchanda, one of the most senior executives inside Gina Rinehart’s private mining group, said WA Premier Roger Cook’s magnetite gamble was attractive to Hancock but needed fiscal and legislative support to be realised.

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MACA secures iron-clad contract

MACA has locked in a major contract at Atlas Iron’s Miralga Creek iron ore project in the Pilbara region of Western Australia. The mining, civil and mineral processing contractor will provide mining and drill and blast services at the mine, continuing a 15-year partnership between the companies.

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Gina Rinehart renews red tape attack over hold-ups to development of Atlas Iron’s McPhee Creek

Australia’s richest person pushed the button on progressing the McPhee Creek project near Nullagine shortly after her Hancock Prospecting scooped up Atlas Iron for $427 million in 2018 amid a three-way takeover tussle. But releasing full-year results for Atlas on Thursday, Mrs Rinehart said “significant increases in government processing times and multi layers of red tape” had further delayed the project, which is expected to produce about 14 million tonnes a year.This is a project that would deliver an additional $2 billion in additional tax and royalty payments to Government, as well as delivering hundreds more high-paying jobs,” Mrs Rinehart said. “The Government needs to do more to reduce red tape and streamline approvals if it wishes to help raise living standards.

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Gina Rinehart eyes magnetite opportunity for Atlas Iron

WA mining billionaire Gina Rinehart has formally pushed the button on her magnetite iron ore ambitions with Atlas Iron launching a feasibility study on its Ridley project in the Pilbara. Chief executive Sanjiv Manchanda said while the prevailing skills shortage, long lead times for regulatory approvals and lead times for major equipment made the task of feasibility study challenging, Atlas would ensure that its existing discipline, engagement of stakeholders and cost focus continued with Ridley. The move highlights the growing demand and price premiums for higher grade iron ore as the world and particularly China look for greater efficiencies and reduced emissions in the steel-making process.

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Gina Rinehart’s Atlas Iron dusts off boom-era magnetite iron ore plans

Gina Rinehart’s Atlas Iron has flagged plans to join the push towards building a magnetite iron ore industry in Australia, dusting off boom-era plans to study the company’s 2 billion tonne Ridley deposit. “While the current environment of skills shortage, long lead times for regulatory approvals and lead times for major equipment make the task of feasibility study challenging, we will ensure that our existing discipline, engagement of stakeholders and cost focus continues with the Ridley project,” he said. Even modest initial output of around 3 million tonnes a year would offer a blending opportunity that could significantly upgrade the value of the output from Atlas existing mines, which have historically produced iron ore grading about 58 per cent.

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Hancock intends to acquire stake in Australian iron ore project

Hancock Prospecting unit Hancock Magnetite (HMPL) has reached an agreement to earn into the Mt Bevan iron ore project in Western Australia. Signed with the project joint venture (JV) firms Legacy Iron Ore (60%) and Hawthorn Resources (40%), the deal provides exclusive rights for HMPL to earn into the project and form a new JV agreement. Under the deal, Hancock Magnetite will initially invest $6.5m (A$9m) in the project.

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Media release | Hancock earn-in with Mt Bevan magnetite project

Hancock Magnetite Pty Ltd (HMPL), a wholly owned subsidiary of Hancock Prospecting Pty Ltd (Hancock), is pleased to confirm that it has entered into an exclusive agreement to earn-in to the Mt Bevan Project.

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Pilbara turns pink

FIRST ore has been hauled from  Atlas Iron’s Sanjiv Ridge mine on four new trucks painted pink to support breast cancer research.

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Pink Truck Parade – First Ore Hauled at Sanjiv Ridge

Tuesday 23 February 2022 saw another key milestone hit ahead of schedule by the team at Atlas Iron.

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