Australian Mineral Resources to acquire Atlas Iron for $215m

Australian Mineral Resources to acquire Atlas Iron for $215m

Coal is stockpiled in preparation for loading onto ships for export at the Newcastle Coal Terminal in Newcastle, north of Sydney, Australia, on Wednesday, Sept. 8, 2010. Photographer: Ian Waldie/Bloomberg

Australian mining infrastructure group Mineral Resources Ltd said on Monday it has agreed to acquire iron ore miner Atlas Iron via a scheme of arrangement, valuing Atlas at A$280.2 million ($215.2 million).

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