March 18 Wed Mar 18, 2015 3:15am EDT
* No external financing has been provided to the company since the reorganization process was implemented.
* Says due to the uncertainty over the company's future, the previously steady sales of the company's products have been affected by disruptions due to the build-up of inventory in the customer chain, which was caused by customers evaluating alternative suppliers. Therefore, the board anticipates a reduction in supply volumes and, consequently, a certain increase in the inventory of ore in the second quarter. The company's liquidity failed to hold up to the estimated, temporary increase in capital tied up in inventory.
* Due to the bankruptcy, the company has requested a suspension of all trading in its shares and bonds. Link to press release: here Further company coverage: (Reporting By Bjorn Rundstrom)
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