Atlas adds to its Pilbara reserves
PERTH (miningweekly.com) - Iron-ore miner Atlas Iron has increased its total Pilbara iron reserve by some 21%, to 499-million tons, further strengthening its existing operations, and the near-term development projects.
Atlas on Tuesday said that the upgraded reserve included a 21% increase to the Mount Dove reserve, where production recently started, and a 25% increase to the Abydos reserve, where construction was under way.
The increase also included a 98% increase in the McPhee Creek reserve.
MD Ken Brinsden said in a statement that the substantial reserve growth, particularly at McPhee Creek, which formed part of the miner’s Horizon 2 growth plans, was the result of continued reinvestment by the company, and ongoing feasibility work conducted over the past 18 months.
“Atlas is delivering on its strategy of generating strong production increases today, while laying the foundations for substantial growth over the longer term,” Brinsden said.
He noted that the company had shipped at a record rate of seven-million tons a year by the December quarter, and was on track to hit its ten-million-ton-a-year mark by the end of June this year.
“At the same time, we are growing the ore reserve to underpin our Horizon 2 growth options,” Brinsden added.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation














