Insight

Mineral Resources tops up reserves with Atlas acquisition

Get this report

$1,050

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQ's about online orders
- Find out more about subscriptions

09 April 2018

Mineral Resources tops up reserves with Atlas acquisition

Report summary

Mineral Resources will acquire Atlas Iron in a US$215 million all-scrip deal. This is a 10% discount to our valuation of Atlas and implies a long term benchmark iron ore price of US$55/tonne (62% Fe fines, CFR China). The deal will enable Mineral Resources to achieve cost savings by amalgamating its existing Pilbara operations with Atlas Iron and provides a pipeline of projects to replace its depleting reserves. For Atlas, it provides a path for its projects to be developed - something Atlas would be unable to do independently because of its high debt.

Table of contents

Tables and charts

This report includes 4 images and tables including:

  • Mineral Resources and Atlas Iron Pilbara iron ore mines
  • Deal summary
  • Economic assumptions
  • China delivered cost curve (VIU adjusted)

What's included

This report contains:

  • Document

    Mineral Resources tops up reserves with Atlas acquisition

    PDF 548.30 KB

Trusted by leading organisations