WA wades into Atlas takeover fray

Original article by Paul Garvey
The Australian – Page: 17 & 20 : 14-Jun-18

Atlas Iron’s port capacity at the Utah Point berth at Port Hedland and its stake in North West Infrastructure’s proposed South West Creek berth is a key driver of the bidding war for the iron ore junior. A successful bid by Mineral Resources would allow it to increase the volume of lower-grade ore that is shipped through Utah Point, which may have prompted Fortescue Metals Group and Hancock Prospecting to take blocking stakes in Atlas. Meanwhile, the Western Australian government says Utah Point is designed for smaller miners, and it would be concerned if such key export infrastructure were to be controlled by a large company.

CORPORATES
ATLAS IRON LIMITED – ASX AGO, FORTESCUE METALS GROUP LIMITED – ASX FMG, HANCOCK PROSPECTING PTY LTD, MINERAL RESOURCES LIMITED – ASX MIN, NORTH WEST INFRASTRUCTURE, WESTERN AUSTRALIA. DEPT OF MINES, INDUSTRY REGULATION AND SAFETY, CLEVELAND-CLIFFS INCORPORATED

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