Swedish iron ore miner Dannemora Mineral AB said it has ceased iron ore production at its main mine in Sweden due to limited liquidity.
"Dannemora Mineral AB has on the date hereof determined to cease with all production until the company's imminent liquidity situation has been assessed," the company said in statement dated Monday.
In Q3 2014, Dannemora shipped 290,000 mt of finished fines and lump ore product to customers.
Dannemora, which operates an iron ore mine of the same name, has faced difficulties over the past two years securing financing for the mine.
It remains in reorganization, Sweden's version of Chapter 11 bankruptcy protection, which was extended in February.
The company in December 2014 decided it would continue operating rather than going into liquidation.
source: Platts
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