Atlas Iron has joined the bidding for takeover target FerrAus, proposing a two-phase deal that will see the two miners' south east Pilbara iron ore assets consolidated before Atlas takes all of FerrAus' shares in an off-market bid.

Atlas Iron has joined the bidding for takeover target FerrAus, proposing a two-phase deal that will see the two miners' south east Pilbara iron ore assets consolidated before Atlas takes all of FerrAus' shares in an off-market bid.