Mergers & Acquisitions:

Merger a strategic move by Atlas


OVERCOMING port access hurdles by merging with Aurox Resources was not only a strategic move by Atlas Iron, but also significantly derisked production for the iron ore miner for no cash outlay, says Hartley resources analyst Andrew Muir.



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RELATED STORIES

For those about to merge (we salute you)



JUST months after merging with Warwick Resources, Pilbara miner Atlas Iron and magnetite hopeful Aurox Resources have agreed to a friendly merger, with the deal being sealed over a beer before the AC/DC concert in Perth on Saturday night.  - more

Aurox, Atlas in halt over deal



AUROX Resources and Atlas Iron have both entered trading halts pending a potential material transaction.   - more

Takeover spotting – not the Bold and the Beautiful



IT’S on for all money. From Aurox to zinc, takeover speculation among miners is back – and is all gassed up. Allan Trench opines on what makes for a good corporate takeover target: not the mining sector equivalent of the elegant swan – but the ugly duckling.  - more

Atlas raises $63.5M from instos



ATLAS Iron is cementing its place as one of the darlings of the institutional investor set, raising a quick fire $A63.5 million this week to accelerate iron ore stockpiling ahead of the planned start of exports from Port Hedland later this year.  - more

Wodgina gets tick of approval



THE Western Australian government has granted the final approval for Atlas Iron’s Wodgina direct shipping ore project in the Pilbara, with mining to kick off in early June.  - more


RELATED COMPANIES
  • ATLAS IRON LIMITED [AGO]
  • AUROX RESOURCES LIMITED [AXO]

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