Thursday 13 August 2015

Otmane El Rhazi : Atlas buys Sheffield tenements

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Embattled iron-ore miner Atlas Iron has acquired three exploration tenements from fellow-listed Sheffield Resources, located near its Abydos and Mt Webber operations, in the Pilbara. Atlas would pay A$150 000 for the tenements, payable in shares base don a 15% discount to the company’s five-day volume weighted average price.

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