Media Release Fortescue signs rail and port access agreement with Atlas Iron Perth: August 6, 2008: Fortescue Metals Group (“ASX:FMG” “Fortescue”) has signed a Heads of Agreement with Atlas Iron (“ASX:AGO” “Atlas”) to enable Atlas to access Fortescue’s railway line and Herb Elliott Port to export ore from Port Hedland. Shipments through Fortescue’s port will begin once Atlas Iron has received its required environmental approvals. Fortescue Executive Director - Operations Graeme Rowley said the Heads of Agreement was evidence of Fortescue’s willingness to grant third party access to Fortescue infrastructure to maximise the utilisation of the Pilbara’s rich resources. “This is a great example of the efficient use of infrastructure providing economic benefits to the local, WA and national economies,” Mr Rowley said. “Fortescue is pleased to play its part in enabling third parties to access our railway and port to foster development of the Pilbara, while at the same time generating a return on our infrastructure investment for our shareholders. “By negotiating with Atlas Iron we have been able to reach mutual agreement on access terms which provides benefits to both companies.”
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