29
Jun
10:35
Hancock launches offer as Atlas cuts output
Australia’s Atlas Iron says it is reversing a decision to increase iron ore output at its Mt Webber mine taken only in late June due to a challenging market. Hancock Prospecting meanwhile said Friday it will open its offer to acquire shares in the company on 2 July, Kallanish notes.
On 21 June Atlas said it would increase production at Mt Webber from a rate of 7 million tonnes/year to 9m t/y, with the additional volumes processed at its Mt Dove site. The c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous