Iron Company News Directory

Arrium Mothballs Southern Iron Mine Complex

Australian Mining reported that Arrium Ltd. (ASX:ARI) plans to mothball its Southern iron mining operation. It plans to redesign the South Australia-based complex to provide sustainable cash flow in light of falling iron ore prices.

Atlas Mining Releases Quarterly Report

Atlas Iron Ltd. (ASX:AGO) released its December 2014 quarterly report on Tuesday, noting that it is relying on lower oil prices, cheaper freight rates and a weaker Australian currency to turn a profit.

NMDC Shifts Focus to Overseas Assets

Mining Weekly reported that NMDC Ltd. (NSE:NMDC), India’s largest iron ore miner, has shifted its focus overseas, and will be looking at the exploration efforts of its subsidiaries, Legacy Iron and Acron.