Mining company Northland Resources files for bankruptcy

Written By Unknown on Senin, 08 Desember 2014 | 16.48

OSLO Mon Dec 8, 2014 2:45am EST

OSLO Dec 8 (Reuters) - Iron ore miner Northland Resources has filed for bankruptcy following a failed attempt to refinance the business, the Oslo-listed company said in a statement on Monday.

"The dramatic fall in iron ore prices this year made it impossible to raise the required financing, which was a prerequisite for continued operations," Northland board Chairman Olav Fjell said. (Reporting by Terje Solsvik)


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