trending Market Intelligence /marketintelligence/en/news-insights/trending/tgaosudw9rf81ydqura8xg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Atlas Iron's shares fall 18.2% on loss of priority over Port Hedland berths

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Atlas Iron's shares fall 18.2% on loss of priority over Port Hedland berths

Atlas Iron Ltd.'s shares fell 18.2% on June 14 after it disclosed it received a notice from the office of the Minister for Transport, Planning and Lands that implied that its North West Infrastructure joint venture did not have priority to develop Stanley Point Berths three and four at Port Hedland in Western Australia.

According to the explorer's same-day statement, the minister confirmed that the Stanley Point Berths three and four are reserved for junior miners. In addition, the minister advised that the Pilbara Ports Authority will assess any application by the North West Infrastructure consortium to develop the berths.

Atlas is a founding member of the North West Iron Ore Alliance. In 2009, the alliance was conferred a 50 million-tonne-per-annum channel capacity allocation to facilitate the development of a stockyard and two berth facilities in Stanley Point within the Port Hedland inner harbor.

This follows the acquisition by Gina Rinehart's Hancock Prospecting Pty. Ltd. of a 19.6% stake in Atlas Iron just a week after Fortescue Metals Group Ltd. snapped up a 19.9% share.

Australian analysts recently told S&P Global Market Intelligence that they were surprised by Fortescue's move but agreed that it was a smart play to keep low-grade iron ore competitor Mineral Resources Ltd. in check while effectively laying down "working capital" for growth options in lithium and base metals.

Atlas Iron is undergoing an all-scrip merger with Mineral Resources under which Atlas shareholders will receive 1 Mineral Resources share for every 571 shares held.