Australian miner
Atlas Iron has announced that it has received approval from its board and concluded the necessary agreements with its joint venture partner, Altura
Mining Limited, to progress the Mt Webber
iron ore mine development.
Atlas stated that
mining operations will commence during the December quarter of 2013, with first ore shipments starting from the June quarter of 2014, targeting an initial rate of 3million mt per year.
Mt Webber
iron ore mine has an initial mine life of 18 years at a 3 million mt per year
production rate and
Atlas is targeting an increased
production rate of 6 million mt per year in a stage two development at the mine.