Atlas Iron's horror year has been aired in bleak full year results marred by a staggering $1.4 billion loss and a warning of likely challenges repaying debt.
The Pilbara iron ore miner's dramatic plunge into the red from a net profit after tax of $14 million a year earlier, was attributed to asset impairments and write downs of almost $1.1 billion.
Atlas managing director David Flanagan blamed the result on "extremely challenging market conditions", with the benchmark iron ore price close to halving during the year to as low as $US47 a tonne.
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