Ann: Header Correction - Atlas on track for 10Mtp, page-2

re: Ann: Header Correction - Atlas on track f... Well nobody is discussing any of this. Its all very quite. AGO no longer in favour or people just tired of the market rot going on in the Fe space??

Any way I was happy to see things progressing alone with the company being on track to 10mt/pa by June 2013 then onto 12mt/pa by December 2013. Share price though stinks!!

I also found this of interest regarding QRN, FMG and AGO,

"SYDNEY--Fortescue Metals Group Ltd. has appointed Macquarie Capital to advise on a potential sale of its assets or bringing in strategic investors in a bid to reduce its US$10 billion debt pile, a person familiar with the matter said Wednesday.

The world's fourth largest iron ore producer, which owns infrastructure in Australia's iron ore-rich Pilbara region, has previously indicated its intention to sell assets after it was forced to cut costs drastically in September as iron ore prices tumbled to near-three year lows.

The Australian Financial Review newspaper reported Wednesday Macquarie was in talks with rail operator QR National Ltd. (QRN.AU), smaller iron ore producer Atlas Iron Ltd. (AGO.AU) China-backed resources company Brockman Mining and Gina Rinehart's Hancock Prospecting about a possible deal, in which they would pay for access to Fortescue's existing infrastructure.

A spokeswoman for Fortescue declined to comment on the specific details of the talks.

"We've had strong interest from a number of parties looking to invest in our world class mining and infrastructure assets," she said in an emailed statement. "The refinance of our debt has removed the time pressure from our balance sheet," the spokeswoman added.

The producer announced last month it had secured a US$5 billion credit facility, which it used to restructure its existing debt.

The spokeswoman said Fortescue will make an announcement on any potential agreements regarding its assets "as and when appropriate."
http://www.marketwatch.com/story/fortescue-taps-macquarie-on-potential-asset-sale-2012-11-14



I know that AGO has in the past spoken with BHP re rail and nothing eventuated. BHP though was and is not in the same situation as FMG with a need of reducing debt load. This may be just the right solution if something pans out to see AGO grow to the eventual 46Mt/pa. I know its early days but one needs to keep abreast of things and hear others points of view.

So thoughts welcome.