ERP Iron Ore marks $235,935 October operating loss on zero revenue

By Caroline Salls

Pittsburgh, Nov. 27 – ERP Iron Ore, LLC posted a $235,935 operating loss for October on zero operating revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, ERP Iron Ore reported a $198,103 operating loss for September, also on zero operating revenue.

The net loss for October was $299,616, widening from a $212,287 September net loss.

The company had $842,987 in cash as of Oct. 31, up from $787,400 at the end of September.

ERP is based in Grand Rapids, Minn. An involuntary case against it was converted to a voluntary case on July 17. The Chapter 11 case number is 18-50378.

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