Atlas
Iron Limited (ASX Code: AGO)
EPA
RECOMMENDS PARDOO DSO PROJECT FOR MINISTERIAL APPROVAL
Atlas Iron Limited (ASX Code: AGO) is
pleased to report that the Environmental Protection Authority of Western
Australia (EPA) has recommended approval of the Company?s Pardoo Direct
Shipping Ore (DSO) Project.
The Pardoo
Project is located 75 kilometres by road from Port Hedland, in the Pilbara of
Western Australia.
?This is the
culmination of two years of hard work, a major milestone in our development and
an endorsement of our approach to environmental management,? commented Atlas
Managing Director David Flanagan. ?We would like to acknowledge the EPA and all
the other Government and non- Government agencies for their assistance to
date,? he added.
The Board of
the EPA today released their ?EPA Bulletin? which contains the EPA?s
assessment, report and recommendations of approval to the Minister for the
Environment on the Pardoo DSO Project proposal.
Endorsement of
the Project by the EPA verifies the strength of Atlas? commitment to the
environment as it works to commence mining on site August in preparation for
DSO exports from Port Hedland by October 2008.
The EPA has concluded that it is unlikely that its
objectives would be compromised by approval of the Pardoo Project with
applicable conditions.
The EPA Bulletin is open now for a 2 week public
appeal period, before entering the final ministerial approval process.
Background
Atlas is targeting iron ore exports at an initial rate
of 1 million tonnes per annum during its first 12 months of operations of the
Pardoo Project. Together with additional export tonnages from its Abydos Project,
the Company is targeting exports of 6 million tonnes by 2010 and 12 million
tonnes by 2012.
For further information please contact
David Flanagan,
Managing Director
Tel: (08) 9476 7900
Garry Plowright,
Land Tenure and Approvals Manager
Tel: (08) 9476 7900
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