Article on AFR from 2014 Atlas Iron next Pilbara takeover target: Foster
“To go beyond 15Mtpa production, Atlas most likely needs a partner that can assist in providing an infrastructure solution, particularly concerning rail, to unlock its sizeable resources," Foster Stockbroking reckons.
Potential interested parties in Atlas Iron would likely include Fortescue Metals Group and Hancock – which have their own rail networks – X2 Resources, Anglo American , “and Glencore – who may seek to establish Pilbara operations, and other China steelmakers similar to Baosteel, who would be keen for off-take."
AGO Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
