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Bloomberg reported Atlas Iron Ltd. (ASX:AGO) is considering selling space to load vessels at Australia’s iron ore port.
Bloomberg reported Atlas Iron Ltd. (ASX:AGO) is considering selling space to load vessels at Australia’s iron ore port.
As quoted in the market news:
Atlas posted a 22-fold increase in sales over the past two fiscal years, the biggest surge of any Australian mining company with a market value of more than $1 billion, and projects its iron-ore output will rise more than sevenfold by 2017, according to data compiled by Bloomberg. The $2.7 billion company, which has no debt, trades at 11.9 times earnings, half the average for the Bloomberg World Mining Index, yesterday’s data showed.
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