Atlas Iron
Atlas Iron (AGO) is an exploration company primarily focused on the acquisition of iron ore projects. The Company has four projects in Western Australia that are in different phases of exploration, situated at Farrel Well, Pardoo, Mt Minnie and Pearana. These projects are deemed as having potential for gold, nickel and base metal mineralisation. Atlas listed on the Australian Stock Exchange on 17th December, 2004 and it is headquartered in West Perth.
Iron Ore Mining company Atlas Iron (ASX:AGO)has announced its first half year results for 2013 to its shareholders and investors on the Australian stock market.
- Atlas Iron posted a full year Net Loss of $256 million, down from a $6.08 million profit in 2011.
- The financial loss includes $455 million in impairment charges on Atlas' undeveloped Horizon 1 and 2 project areas and other tenements.
Iron ore miner, Atlas Iron (ASX: AGO) have released their full year financial results for FY 2012 to the ASX stockmarket.
- Atlas Iron announced a headline loss of $114.6 million. In the previous year, the company reported a profit of $168.6 million.
Atlas Iron (ASX:AGO) will adopt monthly pricing this financial year after its long term supply contracts expire.
''As new contracts are entered or renewed, Atlas will be generally looking to shorten the pricing reference period from quarterly to monthly to ensure that a price more reflective of current conditions is received,'' said Atlas in its annual report.
Several three-year contracts started in 2008 and early 2009 are due to expire this year.
Study the dividend history for ATLAS IRON LIMITED. A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth. Companies are not required to pay dividends.
Study the dividend history for ATLAS IRON LIMITED. A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth. Companies are not required to pay dividends.
Atlas Iron (AGO), the Australia based iron miner has managed to find another access point after it was blocked from using the infrastructure of Fortescue Metals Group (FMG), for their shipments.
Caltex Australia (CTX), a company that concentrates on convenience stores and also involved in refining, purchase, marketing and distribution of petroleum products was the best performer of the 2nd week in ASX100 with a gain of 6.9 percent or 64 cents closing the week at $9.86.
Exploration company Atlas Iron (AGO), which primarily focuses on iron ore acquisitions have announced that it has received great interest from steel mills for iron ore from Wodgina DSO- a project that the company is planning to get operational in Western Australia. Atlas claimed that, steel mills have shown strong interest to acquire offtake to this iron ore. However, the discussion is yet be completed.
Stock analyst UBS hosted nine ASX listed iron ore companies from Western Australia at their inaugural Iron Ore Seminar in Sydney and Melbourne on 13 March 2007. The companies that presented were: Murchison Metals (MMX), Mt Gibson (MGX), Midwest Corp (MIS), Gindalbie Metals (GBG), Sphere Investments (SPH), Grange Resources (GRR), FerrAus (FRS), Fortescue Metals Group (FMG) and Atlas Iron (AGO). The analyst thinks that all of the iron ore companies have ggressive growth targets and are confident of reaching their goals.
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