
ATLAS PROFIT ROCKETS
Ms Rinehart, used the release of Atlas’ results to warn that an “efficient and effective” frame work for the development of new projects free of duplication would be vital to attract the money needed to build the mines of the future. “When mining does well, so does Australia,” she said. “We just have to remember that Australia exports its ore internationally, so we have to be cost competitive internationally, hence we should be wary of onerous government cost burdens, that don’t encourage investment.” Atlas chief executive Sanjiv Manchanda said the iron ore sector had propped up Australia’s economy during the pandemic.