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Globe and Mail reported Labrador Iron Mines Holdings Ltd. (LSE:LIM) is looking at cutting capital costs that don’t hurt key development plans as depressed iron ore prices in China trim its revenue.
Globe and Mail reported Labrador Iron Mines Holdings Ltd. (LSE:LIM) is looking at cutting capital costs that don’t hurt key development plans as depressed iron ore prices in China trim its revenue.
As quoted in the market news:
The Toronto-based company missed expectations as it lost $10.6-million in its first quarter as a slowing global economy and high Chinese ore inventories caused a delay in shipments from the Port of Sept-Iles in eastern Quebec. The amount included $9.8-million in amortization charges.
Click here to read the full Globe and Mail report.
