Atlas Iron Limited
(ASX:AGO) has appointed two new executives to its board as it gears itself towards growing its iron ore production rate from 6 million tonnes to 46 million tonnes per annum.
Atlas says its direct shipping iron ore projects are characterised by low capital expenditure with the company well positioned to fund its Pilbara growth objectives.
Atlas has previously stated it expects the price of iron ore to remain strong and that it will continue to pay its shareholders dividends.
In the first half of the 2012 financial year Atlas Iron posted a net profit of $6 million.
