30
Aug
04:03
Mount Gibson Iron slips into losses in FY22
Australian miner Mount Gibson Iron slipped into a net loss of AUD 174.1 million ($120.19m) in the financial year ended 30 June 2022 from a net profit of AUD 64m, dragged by lower iron ore prices, Kallanish notes.
The group posted a pre-tax impairment of AUD 184.6m in FY22, reflecting the impact of recent lower iron ore prices.
The group total iron ore sales of 1.65 million wet metric tonnes (wmt) generated revenue of AUD 131.1m fob, as compared to…
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Anonymous
Very good overview of the weekly steel market.
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