Otmane El Rhazi : Arrium swings to net loss

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Falling iron-ore prices have resulted in ASX-listed Arrium Mining and Materials reporting a net loss after tax of A$1.9-billion for the financial year ended June, compared with a net profit of A$205.4-million in 2014. The net loss included a A$1.79-billion asset impairment and restructuring costs, the company said.