Atlas fight complicated by port confusion

SHARES in Atlas Iron plunged this morning after Western Australian Transport Minister Rita Saffioti sent North West Infrastructure a letter regarding port capacity.

Atlas fight complicated by port confusion Atlas fight complicated by port confusion Atlas fight complicated by port confusion Atlas fight complicated by port confusion Atlas fight complicated by port confusion

Port Hedland port

NWI, in which Atlas holds 63%, has long been planning to build a 50 million tonne per annum at South West Creek in Port Hedland's busy inner harbour.

Atlas said today that a notice received from Saffioti "implies that NWI does not have a priority right to develop Stanley Point berths 3 and 4" at the port.

Saffioti's letter reiterated that Stanley Point berths 3 and 4 were set aside for juniors and that the Pilbara Ports Authority would assess any application by NWI to develop the berths on its merits.

"Atlas considers that this position is contrary to the previous stated policy of the Western Australian government and is considering its position with respect to this notice," the company said.

In August 2012, then-WA Treasurer Troy Buswell reaffirmed th...