Mineral Resources says Atlas never needed for BOSS job

AS THE takeover tussle for Atlas Iron continues, Mineral Resources has provided an update to the market on its Pilbara Infrastructure Project.

Mineral Resources says Atlas never needed for BOSS job Mineral Resources says Atlas never needed for BOSS job Mineral Resources says Atlas never needed for BOSS job Mineral Resources says Atlas never needed for BOSS job Mineral Resources says Atlas never needed for BOSS job

An artist's impression of the MinRes BOSS.

That PIP has three elements: the Bulk Ore Shuttle System, a lightweight rail system that runs 330km between the Iron Valley region to the boundary of the Port of Port Hedland; a fully automated train receival and product stockyard facility adjacent to South West Creek in the Port Hedland inner harbour; and a cape-size carrier berth at South West Creek.

Design and third-party verification of the BOSS is due to be completed by August and the demonstration track and rolling stock will be operational by the end of the year.

On Friday Mineral Resources agreed to relax clauses in its takeover agreement with Atlas Iron that would allow Atlas to talk to third parties.

That came after Fortescue Metals Group bought a 15% stake in Atlas Iron, taking its overall stake to ...