Atlas Iron Limited (ASX:AGO) Signs Landmark Native Title Mining Agreement For Wodgina Iron Ore Project In Western Australia
Perth, Sep 7, 2009 AEST (ABN Newswire) - Atlas Iron Limited (ASX:AGO) is pleased to announce that it has today signed a landmark Native Title Mining Agreement with the Kariyarra people in the Pilbara region of Western Australia.
This is an important milestone in the development of the Company's Wodgina Iron Ore Project located 100 kilometres south of Port Hedland.
This Native Title Mining Agreement with the Kariyarra people is a significant achievement in the development of the Wodgina Iron Ore Project. Both parties have worked hard to achieve a win-win outcome in a very short period of time. In addition to commercial outcomes, the agreement provides for indigenous enterprise opportunities, preserving cultural values in the region and minimising any impact on the environment.
"It's a great result and we look forward to working with the Kariyarra people for many years to come.
Wodgina looks like a long life asset and there is a chance to leave a lasting positive impact in the local communities", commented David Flanagan, Atlas Managing Director.
"This agreement also represents the last of three regional based agreements required to support our targeted 12Mtpa mining rate by the end of 2012." he added.
About Atlas Iron Limited
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.
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