05
May
03:33
IGO achieves record quarterly profit in March quarter
Australian miner IGO has achieved record quarterly net profit of AUD 412 million ($276.37m) in the quarter ended 31 March, Kallanish reports.
The 22% quarter-on-quarter growth reflects higher earnings contribution from Tianqi Lithium Energy Australia (TLEA). The group’s total sales revenue of AUD 235.7m, however, was 7% lower q-o-q, due mainly to lower sales volumes at Forrestania nickel project as a result of low trucking availability.
Total nickel in conc…
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Anonymous
Very good overview of the weekly steel market.
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