News: Arrium Ltd (ARI.AX)

ARI.AX on Australia Stock Exchange

0.17AUD
24 Dec 2014
Price Change (% chg)

-- (--)
Prev Close
$0.17
Open
$0.17
Day's High
$0.18
Day's Low
$0.17
Volume
14,465,441
Avg. Vol
23,187,290
52-wk High
$1.63
52-wk Low
$0.15

Search Stocks
Select another date:

Wed, Sep 17 2014

UPDATE 1-Arrium share sale faces tepid demand, shares dive

* Institutional shareholders took up 79 pct of entitlements

UPDATE 2-Iron ore slump drives Australia's Arrium to raise $680 mln

* Plans to more than double share base to help pay down debt

UPDATE 1-Iron ore slump spurs Australia's Arrium to raise $680 mln

* Plans to more than double share base to help pay down debt

Arrium to raise A$754 mln to pay down debt amid iron ore slump

MELBOURNE, Sept 15 - Australian iron ore miner and steel maker Arrium Ltd launched a share sale to shareholders and institutions aiming to raise A$754 million ($680 million) to pay down debt to help it cope with a slump in iron ore prices.

UPDATE 1-Australia's Arrium sees strong iron ore demand, shares jump

* Iron ore cash costs at A$48 a tonne beat company forecast

Select another date:

Press Releases

Search Stocks