newswire
![]()
*DJ Atlas Iron to Cease All Exports
(MORE TO FOLLOW) Dow Jones Newswires
April 10, 2015 03:11 ET (07:11 GMT)
*DJ Atlas Iron to Suspend Mining Operations Over April
(MORE TO FOLLOW) Dow Jones Newswires
April 10, 2015 03:11 ET (07:11 GMT)
*DJ Atlas Iron: Ore Price Plunge Means Production No Longer Viable
(MORE TO FOLLOW) Dow Jones Newswires
April 10, 2015 03:12 ET (07:12 GMT)
DJ Atlas Iron to Stop Mining After Iron-Ore Price Plunge
By Rhiannon Hoyle
SYDNEY--Australian iron-ore producer Atlas Iron Ltd. (AGO.AU) will stop mining in the
coming weeks after a sharp plunge in prices of the steelmaking commodity meant its
operations were no longer profitable.
The company, which suspended its shares earlier this week after iron-ore prices tumbled
to a decade low, said it would cease mining at its Mt Webber site next week and halt
production at its Abydos operation within a fortnight. Operations at its Wodgina mine are
expected to stop in late April, it said.
Iron-ore prices have fallen more than 30% in 2015 after a near halving in value last
year, as supplies from new and expanded mines outpace demand from countries such as
China.
Write to Rhiannon Hoyle at [email protected]
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
April 10, 2015 03:22 ET (07:22 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Friday 10 April 2015 17:22:00.000 AEST
- Forums
- ASX - By Stock
- AGO
- If AGO goes into administration
If AGO goes into administration, page-43
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online