Statement on Atlas Iron Limited

Jun 27, 2018

Fortescue Metals Group (Fortescue) notes the statement by Atlas Iron Limited (Atlas) on 14 June 2018 regarding notice received from the office of the Minister for Transport, Planning and Lands, which Atlas said implies that North West Infrastructure (NWI) does not have a priority right to develop the Stanley Point Berths 3 and 4 at South West Creek in the Port of Port Hedland.

At the time of that announcement, Atlas advised shareholders that it was considering its position with respect to this notice. 

In common with other Atlas shareholders, Fortescue believes that further clarity is needed on the position of Atlas in relation to these assets and we continue to assess our strategic options regarding our shareholding in Atlas.