Closing the loop

摘要

First off the contracting house played a crucial role in keeping the mine running when a severe fall in the iron ore price in 2015 threatened its closure. The other is the even older tie between Atlas Irons new owner, Hancock Prospecting, and the mining contractor. In 2015 the iron ore price fell to levels below what Atlas Iron could produce its ore for. Atlas Iron was forced to go to its contractors to try and renegotiate their terms.