McAleese to double haulage at Atlas mine

Company News

McAleese Limited (ASX:MCS) is poised to double its iron ore haulage for the Atlas Iron Limited (ASX:AGO) Mt Webber mine in Western Australia. 

The transport and logistics provider will now boost capacity to meet the 6 million tonnes per annum requirement by January 2015. 

McAleese says the extra haulage requirement represents more than $220 million in revenue over the life of the agreement. 

The company will also invest about $30 million in operating equipment and supporting infrastructure during the second half of this year.

Managing Director and CEO Mark Rowsthorn has advised McAleese has expanded its Port Hedland facility and is continuing to grow its operational capacity in the Pilbara. 

McAleese booked a net loss of $37.9 million in the first half of the 2014 financial year.