Arrium Limited

For the half-year ended 31 December 2012, iron ore miner and steel maker Arrium (formerly OneSteel) generated revenue of $3.3bn, down 6%. The mining division shipped a record volume of 3.42Mt during the half, but lower iron ore prices more than offset higher earnings from the Mining Consumable and Steel Manufacturing and Distribution businesses. The headline loss of $447m was the consequence of $474m of asset impairments and $10m of restructuring costs. Underlying profit, which adjusts for the broadly one-off nature of these impairments, fell 34% to $51m. Directors declared an interim dividend of 2 cents, down from 3...

For the half-year ended 31 December 2012, iron ore miner and steel maker Arrium (formerly OneSteel) generated revenue of $3.3bn, down 6%.

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