BC Iron faces losses as iron-ore price falls

The falling iron-ore price has resulted in junior miner BC Iron's revenues nearly halving for the financial year ended June, pushing the miner into a loss. BC Iron on Wednesday reported a net loss after tax of A$158.5-million, compared with a net profit of A$71.8-million in 2014, while revenues declined from the A$471.4-million reported in 2014 to A$281.2-million.