Thursday 11 June 2015

Otmane El Rhazi : Atlas announces capital raising plan

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Australian mining company Atlas Iron said on Thursday it is planning to raise capital via a placement of new shares at a heavily discounted price to key contractors, existing and new shareholders. After a near collapse due to a slump in iron ore prices, Atlas has recently resumed some mining operations and is now trying to raise cash to keep it afloat.

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