19
Aug
01:00
Impairment charges drive Mount Gibson deep into the red
In the world of pain that now encompasses the majority of the world’s iron ore mining juniors, Australia’s Mount Gibson Iron Limited is certainly one of those most in need of relief. The company has posted a less-than-comfortable set of operating results for its 2014-2105 financial year. Output and revenues both fell heavily and losses surged despite valiant efforts by the miner to cut costs and restructure its business. It was also badly hit by impairm…
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Anonymous
Very good overview of the weekly steel market.
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