Nordic Mining narrows y-o-y loss as development of Engebo rutile continues

By Kasia Patel
Published: Monday, 16 November 2015

The company hopes to supply the European titanium dioxide feedstock market, which it says is in significant deficit, and for which Nordic Mining expects demand to grow in the future.

Nordic Mining has reduced its operating loss to Norwegian krone (Nkr) 2.8m ($322,000*) for Q3 2015 compared with Nkr 3.8m ($438,000) the previous quarter and Nkr 4.5m ($519,000) for the same period in 2014 as the company continues the development of its Engebo rutile project in Norway....

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