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Mining company Northland Resources files for bankruptcy
December 8, 2014 / 7:48 AM / 3 years ago

Mining company Northland Resources files for bankruptcy

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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