03
Nov
10:52
Hancock profits fall, debts rise
Australia’s Hancock Prospecting, which is developing the Roy Hill project, saw its operating profit drop by AUD 400 million ($286m) to AUD 663m in the financial year ending June 2015, according to its report. The company’s debts are also increasing, putting pressure on the company to start earning from its 55m tonnes/year Roy Hill project, Kallanish notes.
Hancock reported a net loss of AUD 47m but said that this was due to the Minerals Resource Rent…
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Anonymous
Very good overview of the weekly steel market.
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