Original article by John Stensholt
The Australian – Page: 18 : 24-Nov-21

Atlas iron has posted a 2020-21 net profit of $938m, which is 146 per cent higher than previously. The junior iron ore miner is owned by Gina Rinehart’s Hancock Prospecting, which paid $427m for the company in 2018. Atlas Iron’s revenue was up 66 per cent to $1.7bn, and its Mt Webber and Sanjiv Ridge mines shipped a combined 9.7 million tonnes of iron ore during the financial year. Shipments from the Sanjiv Ridge mine began in 2020-21. Rinehart’s Roy Hill mine recently posted a net profit of $4.4bn for the financial year.

CORPORATES
ATLAS IRON LIMITED, HANCOCK PROSPECTING PTY LTD, ROY HILL HOLDINGS PTY LTD