Tuesday 7 April 2015

Otmane El Rhazi : Atlas initiates business review as iron-ore price slumps

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



The shares of ASX-listed Atlas Iron on Tuesday went into a voluntary trading halt as the miner announced a company-wide review after the iron-ore price fell to $47.50/t. The Australian miner reported that the iron-ore price had fallen by 24% since it released its half-year accounts on February 24.

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