Friday 10 April 2015

Otmane El Rhazi : Atlas Iron pulls the plug as prices tumble

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Iron-ore miner Atlas Iron on Friday announced that it would progressively suspend mining at its Pilbara operations during April, with iron-ore exports expected to cease shortly after. The miner has blamed the significant fall in iron-ore prices. Atlas earlier this week suspended share trading, announcing a company-wide review of its operations.

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