Atlas Iron made its first shipment of iron ore from its Sanjiv Ridge operations by road to its warehouse in Port Hedland, Western Australia this week.
The company plans to ship out around 4-5mn mt of iron ore every year for 5-6 years to the Utah point stockyard in Port Hedland. The Sanjiv Ridge deposit currently holds 64mn mt of iron ore with 57.2pc of iron content and 29mn mt of iron ore with 57pc iron content, it stated.
Atlas Iron is located in the Pilbara region of Australia and currently produces 9mn mt of iron ore per annum.