Tschudi sees risks from struggling mine project

Kirkeness in northern Norway is one of the Tschudi Group's core areas, but a flailing mine project is causing great losses for the company and risks threatening the group, writes management in its annual report, according to Norwegian daily Dagens Næringsliv.
Photo: Tschudi Shipping Company
Photo: Tschudi Shipping Company

The mine 'Sydvaranger Gruve' has become an enormous problem for the Norwegian shipping and logistics group Tschudi. Declining iron ore prices put the company in an alarming situation this past year, a development that has also hit Tschudi Shipping Company, which is connected to the mining company, reports Norwegian business daily Dagens Næringsliv, citing the company's annual report.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading