Friday 14 August 2015

Otmane El Rhazi : Atlats swings to FY loss

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Embattled iron-ore miner Atlas Iron has reported a net loss after tax of nearly A$1.4-billion dollars for the financial year ended June, as iron-ore prices nearly halved and the miner was forced to shut down production. The massive loss reported in 2015 compared with a net profit after tax of A$17-million in 2014.

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