24
Feb
13:55
Atlas Iron cuts costs again, reduces after-tax loss
Australian mining junior Atlas Iron continues to battle on in an increasingly aggressive commercial environment for iron ore. The company saw after-tax losses shrink year-on-year in the first six months of its financial year (H1 16) as underlying earnings (Ebitda) moved from negative into positive.
Atlas managing director David Flanagan said: “The iron ore price has continued to present a challenge but the company and its contractors have responded with fu…
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Anonymous
Very good overview of the weekly steel market.
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