Pilbara rail deal possible: Atlas
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Junior iron ore producer Atlas Iron has insisted that a recent flurry of deals between small iron ore players in the Pilbara has strengthened its ability to secure a deal to transport its iron ore, according to The Australian Financial Review.
Atlas Iron chairman David Flanagan said deals such as those involving Brockman Mining, Flinders Mines and Fortescue Metals Group and Aurizon have opened up opportunities for Atlas to exploit third-party infrastructure opportunities (see Tim Treadgold's Is it iron curtains for small producers?).
“I don't think Atlas's position on infrastructure has ever been stronger than what it is right now,” Mr Flanagan told the AFR.
“We are in discussions with the parties that are up there [the Pilbara]; the dialogue is being maintained.”
Aurizon and Brockman recently inked a deal to develop and operate an independent rail line in the region.
Atlas's shares have fallen 55% since a year ago, to 79.5 cents a share.
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