Murchison reports full year loss

Murchison Metabutterfly wet grinder price list in chennails Ltd has reported a full year loss of $21.6 million, saying the year presented a number of challenges. The iron ore miner said that despite the loss in 2009/10, which compared to a $732,000 profit in the prior year, it had continued to meet milestones in its mid-west development strategy in Western Australia.

Its Jack Hills iron ore joint venture had a significant increase in operating cashflow, Murchison said, and it had also made excellent progress at its Oakajee Port and Rail project, also in WA. "The 2010 financial year presented a number of significant challenges for the global economy," Murchison told the stock exchange. Company executive chairman Paul Kopejtka said he was pleased with the progress to date of Murchison's two flagship assets. "This has been a significant year of building and consolidation for Murchison and our partners as we enter the pivotal end stages of final feasibility studies for both our key projects," Mr Kopejtka said.