Aquila puts US$7.7b iron ore project on ice

Australia’s Aquila Resources has put its A$7.4 billion (US$7.7 billion) West Pilbara iron ore project on ice at least through June due to funding difficulties, sending its shares down nearly 10 per cent.

via Business feed http://www.scmp.com/business/companies/article/1143015/aquila-puts-us77b-iron-ore-project-ice