Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore junior Northern Iron on Monday announced that its Norwegian subsidiary Sydvaranger Gruve AS (SVG) has instigated a number of initiatives to improve the company’s financial position and to ensure the continuation of the group’s operations. SVG earlier this year admitted to its economic struggles owing to the continued low market price environment for iron-ore, with the company saying that its working capital position has been negatively impacted.
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