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21 Dec
15:04

Prospective Swedish miner extends loans, signs Cargill offtake

Prospective Swedish iron ore miner Nordic Iron Ore has entered into loan agreements to prolong the term for repayment of SEK 32 million ($3.2m) of loans until 30 June 2024, Kallanish notes. The loans are with the company's three largest owners, Bengtssons Tidnings AB, Ludvika Holding AB and Kopparinvest AB, the company's former board member Timo Lindborg via company, Nordic Iron Ore chief executive Ronne Hamerslag and a group of investors including Fredrik…
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