10
Dec
00:00
Canadas Alderon cuts project costs as iron ore belts tighten
Canada’s Alderon Iron Ore Corp., is the latest company in the sector to implement operational cost reductions, even though its flagship enterprise, the Kami Iron Ore project has not yet begun construction. The iron ore development company says that it has arranged to defer loan payments and reduce its workforce.
These measures will allow it to maintain a healthy working capital position into 2017 without the need to access equity or debt financing duri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous