Atlas Iron Profit Plunges Amid Cyclones, Price Drop
Atlas Iron, a subsidiary of Gina Rinehart’s Hancock Prospecting, reported a 41 per cent decrease in full-year profit, attributing the downturn to cyclonic weather and lower iron ore prices. The West Australian company posted a net profit of $260 million for the 2024-25 financial year, a significant drop from the $440 million recorded in the […]
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