Announcement by RIO that it will reduce its workforce as it cuts coal production to the Newcastle Dock by 18%, has sent Felix stock sharply down.
Felix mines at Yarrabe and Minerva, Queensland are not affected, but the Ashton open-cut and recently opened underground mine will be.
As the new terminal is to be opened in stages this cut-back should only last for the duration of 2007 and will reduce shipping queues. Thus reducing demurrage charges.
newcastle dock
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19.0¢ |
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Mkt cap ! $38.85M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 19.0¢ | $2.773K | 14.59K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23959 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 10000 | 1 |
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