logo-loader

Northern Iron in talks with financiers of Norwegian subsidiary

Last updated: 05:30 24 Mar 2015 GMT, First published: 04:30 24 Mar 2015 GMT

au_norway_sweden_finland__350_5510e5fdb4f43

Northern Iron (ASX:NFE) has been granted an ASX trading halt in relation to discussions currently underway with financiers of its wholly-owned Norwegian subsidiary Sydvaranger Gruve AS.

The halt will last until the earlier of the announcement being made or the start of trade on Thursday, 26th March 2015.

In 2014, the company produced 2.3 million tonnes of iron concentrate, up 18% over 2013.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Chesnara reports strong 2023 results with improved cash generation and...

Chesnara PLC (LSE:CSN) chief executive Steve Murray discusses the company's full-year results for 2023 with Proactive's Stephen Gunnion, describing them as strong and particularly highlighting £53 million in commercial cash generation and a dividend coverage of around 150%. The company has...

1 hour, 46 minutes ago