"MinRes managing director Chris Ellison said the acquisition of Atlas, including its portfolio of iron ore assets and its export capacity allocation at Utah Point, was “on strategy” for MinRes."
"The combined organisation will have the scale and financial security to support current operations, as well as providing access to capital to contemplate further development opportunities,” Mr Lawrenson said."
https://thewest.com.au/business/mer...ineral-resources-takeover-offer-ng-b88800118z
On the face of it, this looks like a fairly unremarkable acquisition by MIN.
However, it is what MIN can do with this low grade iron ore resource that keeps me interested.
Chris Ellison says that MIN is "on strategy," I look forward to seeing whether that strategy includes Hazer Processing.
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