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Atlantic is the 100% owner of Midwest Vanadium Pty Ltd, the Windimurra vanadium project. The Windimurra project is a world scale vanadium and haematite iron ore project that is expected to be in production in the third quarter of 2011. The Company is also pursuing bauxite development opportunities in Vietnam. Atlantic will continue to build upon this foundation to examine further opportunities to develop a portfolio of diversified world class resources projects.

Windimurra Vanadium Project

Atlantic has acquired 100% of the Windimurra Vanadium Project and is now working towards proceeding with the completion and commissioning of the project, with the project expected to commence production in the third quarter of 2011. Independent research by CPM shows that the Project will be a lowest quartile cash cost vanadium producer as a result of the following:

* the attractive transaction metrics negotiated by Atlantic that fundamentally restructure the capital base of MVPL and deliver the benefit of over $500 million of prior capital expenditure for a net present value of $68 million of retained debt;
* consolidation of ownership that will streamline the management of the Project under the control of one group;
* the acquisition of the crushing and beneficiation plant that will deliver material long-term cost savings;
* identification of the haematite by-product revenue stream opportunity, thereby releasing significant further cash credits for the Project, driving costs into the lowest quartile; and
* renegotiation of key supply contracts.

Bao Loc Bauxite Project (Vietnam)

The Bao Loc project is a discrete bauxite project located in the Central Highlands of southern Vietnam, approximately 15 kilometres north of the Bao Loc township in Lam Dong province. Atlantic holds an interest in the Bao Loc project separate from its joint venture with T-MV, however there are clear synergies between the two projects that will be examined. The two major bauxite provinces of Dak Nong and Lam Dong in southern Vietnam are estimated to contain a combined 5.4 billion tonnes of bauxite.

Aluminium Supply Chain Project (Vietnam)

Atlantic has signed a Memorandum of Understanding (MOU) with Vietnamese state-owned corporation, the Vietnam Natural Resources and Environment Corporation (T-MV) for the development of major rail, mine, processing and port project in the Central Highlands of Vietnam. This is a milestone event for both Atlantic and the development of the aluminium industry in Vietnam.

This project will be a very significant contributor to the economy of the Central Highlands region as well as the entire Vietnam economy and will directly benefit the people of Vietnam by providing jobs, skills training and business opportunities.

Atlantic is excited to be working with T-MV on such a major nation building project and the Board of Atlantic believes that the opportunity has the potential to add significant value for stakeholders in Vietnam as well as Atlantic shareholders.

Atlantic believes this is a strong business opportunity given Vietnamís competitive advantages in the aluminium supply chain, including the high quality gibbsite ore typically found in the Central Highlands region and the proximity of the project to major world demand centres where there is an over capacity of refining and smelting capacity but an undersupply of high quality bauxite.

The parties are currently working towards a definitive joint venture agreement.

Mine For

vanadium, bauxite, iron ore

Location of operation(s)

Vietnam, Western Australia


Level 29, Bankwest Tower, 108 St Georges Terrace


+61 8 6141 7100



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The data on Australian is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.