Murchison Metals Limited
(ASX:MMX) has pushed back releasing its annual results by three weeks. The iron ore miner’s full year result was due to today, but Murchison has told the Australian Securities Exchange that it now plans to release its financial report on September 21, 2011.
The delay comes following a turbulent year for Murchison, marked by significant delays and cost blow outs at its $6 billion Oakajee port and rail project in Western Australian.
Murchison has not as yet provided a reason for the delay.
Shares in Murchison Metals fell 3.91 per cent yesterday, closing at $0.615.
In the first half of its 2011 financial year, Murchison Metals posted a net profit of $3.3 million.
