Atlas Iron Considers Port

Bloomberg reported Atlas Iron Ltd. (ASX:AGO) is considering selling space to load vessels at Australia’s iron ore port.

As quoted in the market news:

Atlas posted a 22-fold increase in sales over the past two fiscal years, the biggest surge of any Australian mining company with a market value of more than $1 billion, and projects its iron-ore output will rise more than sevenfold by 2017, according to data compiled by Bloomberg. The $2.7 billion company, which has no debt, trades at 11.9 times earnings, half the average for the Bloomberg World Mining Index, yesterday’s data showed.

Click here to read the full Bloomberg report.