Australia’s Atlas Iron scales back iron ore output on poor margins

摘要

Australia’s Atlas Iron said Thursday thatit is scaling back its iron ore production as itstruggles to turn a profit on the product.“In light of the challenging marketconditions, Atlas will suspend iron ore crushingat Mt Dove and reduce the mining rate at MtWebber to [about] 7 million mt/year with effectfrom late July 2018,” the company, a takeovertarget, said in its quarterly activities report.