Atlas Iron to Review Operations, Assets on Ore’s Plunge
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Atlas Iron Ltd., the second-worst performing Australian mining company in the past year, suspended its shares from trading while it reviews operations and considers asset sales after the price of iron ore plunged.
The producer, which shipped 6.9 million metric tons of the steelmaking material in the six months through December, requested a voluntary suspension from trading on Australia’s stock exchange as it conducts the study.