CAPITAL MARKETS

'Horrible' quarter for Cliffs in Australia

CLIFFS Natural Resources CEO Lourenco Goncalves has blamed the majors and iron ore traders for its shrinking Australian margins.

Kristie Batten
'Horrible' quarter for Cliffs in Australia

For the second quarter, Asia Pacific iron ore (APIO) earnings before interest, tax, depreciation and amortisation was US$3 million out of total group EBITDA of $137 million. “We continue to operate...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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