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