CAPITAL MARKETS

Atlas flags huge writedown

ATLAS Iron has flagged a non-cash impairment of $A700-900 million for its first-half results, while also announcing plans to move to 100% ownership of the Mt Webber mine in the Pilbara.

Andrew Duffy
Atlas flags huge writedown

The new writedown comes on the back of continued pain in the iron ore price and a significant share price drop for the company this year. In particular, the cut centres on exploration assets acquired...

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