By Rhiannon Hoyle

SYDNEY--Glencore PLC (GLEN.LN) has become a substantial holder of shares in Australia's Atlas Iron Ltd. (AGO.AU), according to a regulatory filing.

According to the filing, Glencore-controlled Maru Sky Ltd. now has an 8.5% stake in the company, which has been struggling to stay afloat amid a sharp downturn in world iron-ore markets.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

May 08, 2016 21:45 ET (01:45 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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