Du måste aktivera javascript för att sverigesradio.se ska fungera korrekt och för att kunna lyssna på ljud. Har du problem med vår sajt så finns hjälp på https://kundo.se/org/sverigesradio/
Public safety warning for those near fire in battery factory, Landskrona. Go indoors, close ventilation and listen to P4 for updates.

Pajala mine owner to file for bankruptcy

Published måndag 8 december 2014 kl 10.14
Tornedalenmedia / TT
Northland's Pajala mine. File photo: Tornedalenmedia / TT

Northland Resources, which owns an iron ore mine outside of Pajala in northern Sweden, announced Monday that it will file for bankruptcy.

The company had been struggling for some time, and according to today's announcement, financing solutions have been unsuccessful.

"It is ... sad that the dramatic fall in iron ore prices this year made it impossible to raise the required financing," Olav Fjell, chairman of the Board, wrote.

News agency TT reports that since the company had been under reconstruction for some time, in principle, all the staff has already been sent home.

Other companies, including investors Peab, Folksam, LKAB and Finnish Metso will be affected by Northland's bankruptcy, reports TT.

Our journalism is based on credibility and impartiality. Swedish Radio is independent and not affiliated to any political, religious, financial, public or private interests.
Har du frågor eller förslag gällande våra webbtjänster?

Kontakta gärna Sveriges Radios supportforum där vi besvarar dina frågor vardagar kl. 9-17.

Du hittar dina sparade avsnitt i menyn under "Min Lista".