newswire [ATTACH] *DJ Atlas Iron to Cease All Exports (MORE TO...

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*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]

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  (END) Dow Jones Newswires
  April 10, 2015 03:22 ET (07:22 GMT)
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Friday 10 April 2015 17:22:00.000 AEST