29
Aug
12:36
Atlas Iron reports losses as Hancock takes control
Australia’s Atlas Iron released its preliminary annual report for the financial year ending June 2018, confirming lower volumes and revenues and net losses. The company also confirms that Hancock Prospecting now controls more than 70% of the firm, Kallanish notes.
Atlas shipped 9.2 million wet metric tons of ore in the year to June, down -36% year-on-year. That was primarily due to a 44.3% drop in shipments of Atlas fines to 4.4m wmt. The company&rsqu…
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Anonymous
Very good overview of the weekly steel market.
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