Atlas Iron Limited (ASX:AGO) is an independent Australian iron ore company, mining and exporting Direct Shipping Ore (DSO) from its operations in the Northern Pilbara region of Western Australia. Since listing on the ASX in late 2004, Atlas has grown rapidly and is now a member of the ASX100 index.
Please be advised that as of the Offer Close Date at 5.00pm AWST on Wednesday, 5 October 2011, Atlas Iron Limited (ASX:AGO) has received acceptances for its off-market takeover bid for FerrAus (ASX:FRS) which entitles Atlas to a relevant interest in 97.73% of FerrAus ordinary shares.
As of 5.00pm AWST, Tuesday, 20 September 2011, Atlas Iron Limited (ASX:AGO) has received acceptances for its off-market takeover bid for FerrAus Limited (ASX:FRS) which entitles Atlas to a relevant interest in 94.95%of FerrAus ordinary shares.
Atlas Iron Limited (ASX:AGO) has today declared its recommended off-market takeover offer ("Recommended Offer") for all of the fully paid ordinary shares in FerrAus Limited (ASX:FRS) free of all defeating conditions.
On 27 June 2011, Atlas Iron Limited (ASX:AGO) announced its intention to make a Takeover Offer for FerrAus Limited (ASX:FRS) (PINK:FRRAF). The Takeover Offer is set to open on Monday, 5 September 2011.
FerrAus Limited (ASX:FRS) (PINK:FRRAF) is pleased to advise that at a General Meeting of the company held earlier today, shareholder approval was obtained for: (a) the issue by FerrAus to Atlas Iron Limited (ASX:AGO) of approximately 37.4 million FerrAus ordinary shares at an issue price of A$0.65 per share to raise A$24.3 million, pursuant to a subscription agreement (Subscription); and (b) the purchase of South East Pilbara iron ore assets by FerrAus from Atlas in consideration for approximately 121.8 million FerrAus ordinary shares at a deemed issue price of A$0.65 per share, pursuant to an asset sale agreement (Iron Ore Assets Acquisition).
Atlas Iron Limited (ASX:AGO) is pleased to report a maiden annual profit after income tax of A$169 million for the year to June 2011.
Atlas Iron Limited (ASX:AGO) is pleased to confirm the timetable for its recommended takeover offer for FerrAus Limited ("FerrAus") (ASX:FRS) announced on 27 June 2011. Atlas will open its bid for FerrAus in the week starting 5 September 2011.
Atlas Iron Limited (ASX:AGO) is pleased to announce a 50% increase in DSO Reserves, to 79.3Mt at 57.8% Fe, for its North Pilbara Projects. The increase is inclusive of depletion from mining in the past 12 months.
Atlas Iron Limited (ASX:AGO) refers to media comment on possible third party rail. Atlas wishes to clarify that the feasibility of any third party rail is subject to all the necessary economic, infrastructure and environmental studies and approvals. At the date of this announcement, no agreement has been reached on the provision of a third party rail.
Atlas Iron Limited (ASX:AGO) is pleased to announce that it has entered a strategic alliance with Centaurus Metals Limited (ASX:CTM), an emerging Brazilian iron ore explorer and developer. Under the terms of the alliance it is envisaged Atlas will acquire a strategic 19.9% equity stake in Centaurus for A$18.7 million.
