Affected by anemic iron ore prices, the Swedish firm joins an increasing number of miners that have fallen by the wayside.
NORTHLAND RESOURCES INC. Mining News
Metso has signed a major service contract with Northland Resources AB, consisting of a six-year service, maintenance and inspection program for the Kaunisvaara iron ore processing plant, located in northern Sweden. The contract complements previous equipment and mill lining services order, announced in 2011. The total value of the order is EUR 73 million, including the previously signed contract worth EUR 19 million.