Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Embattled iron-ore miner Atlas Iron on Tuesday told shareholders that discussions with the company’s creditors were continuing, and were ‘positive’. Atlas at the end of last week announced that it would suspend mining across all of its Pilbara operations, as iron-ore prices continued to tumble. Mining and crushing from the Mt Webber mine would be suspended this week, while activities at the Abydos project would cease within the next two weeks, followed by operations at the Wodgina mine, in late April.
Embattled iron-ore miner Atlas Iron on Tuesday told shareholders that discussions with the company’s creditors were continuing, and were ‘positive’. Atlas at the end of last week announced that it would suspend mining across all of its Pilbara operations, as iron-ore prices continued to tumble. Mining and crushing from the Mt Webber mine would be suspended this week, while activities at the Abydos project would cease within the next two weeks, followed by operations at the Wodgina mine, in late April.
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