Tuesday 17 February 2015

Otmane El Rhazi : Iron-ore price slump hits Fortescue’s interim profit

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Iron-ore major Fortescue Metals on Tuesday reported a significant slump in after-tax net profit for the half-year ended December on the back of decreased revenue caused by a fall in the iron-ore price. Fortescue’s realised price for the half-year nearly halved to $66/t, compared with the $124/t reported in the 2013 six-month period.

No comments:

Post a Comment