• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks

    Recovery from Windimurra Fire Could Take Nine Months, Says Atlantic

    Charlotte McLeod
    Feb. 17, 2014 10:49AM PST
    Battery Metals

    Atlantic Ltd. (ASX:ATI) announced in a corporate update that it could take about nine months to rebuild a beneficiation plant damaged earlier this month in a fire at its Windimurra operation. Ramping production up to its pre-fire level will happen within the same time frame.

    Atlantic Ltd. (ASX:ATI) announced in a corporate update that it could take about nine months to rebuild a beneficiation plant damaged earlier this month in a fire at its Windimurra operation. Ramping production up to its pre-fire level will happen within the same time frame.

    Further, Atlantic said that “the combined material damage and business interruption components of the insurance claim are in the order of $100 million.”

    As quoted in the press release:

    The progressive insurance payments and the proposed long term funding solution under discussion are designed to enable the business to continue, to rebuild the beneficiation plant and to re-commence vanadium production as soon as possible.

    The Company requests that the voluntary suspension in the trading of its securities remain in place until it is in a position to provide more definitive details about the matters outlined above.

    Click here to read the full Atlantic Ltd. (ASX:ATI) press release.

    atlantic ltdasx:aticorporate update
    The Conversation (0)

    Go Deeper

    AI Powered
    Top 5 Australian Mining Stocks This Week: Invictus Energy Shares Supercharge on Investment

    Top 5 Australian Mining Stocks This Week: Invictus Energy Shares Supercharge on Investment

    TINONE SAMPLES LITHIUM MINERALIZATION IN HISTORICAL DRILL CORE FROM ITS ABERFOYLE PROJECT, TASMANIA, AUSTRALIA

    TINONE SAMPLES LITHIUM MINERALIZATION IN HISTORICAL DRILL CORE FROM ITS ABERFOYLE PROJECT, TASMANIA, AUSTRALIA

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×