Brief: Nordic Mining Sees Considerable Capex Reduction From Engebø DFS Update

Nordic Mining ASA

07/10/2020 10:03

Oct 7 (Reuters) - Nordic Mining ASA  NORG.OL :
    * ENGEBØ DFS UPDATE IN PROGRESS - CONSIDERABLE CAPEX
REDUCTION
EXPECTED
    * VALUE ENGINEERING REVIEW WAS INITIATED AS A RESULT OF
UNCERTAINTIES CAUSED BY COVID-PANDEMIC
    * PLANS TO COMPLETE UPDATE TO DFS IN Q1 2021.
    * REALIZATION OF VALUE OPPORTUNITIES IS EXPECTED TO RESULT
IN
CONSIDERABLE REDUCTION IN INITIAL CAPITAL EXPENDITURE

Source text for Eikon:  ID:nObiJmb3xa 
Further company coverage:  NORG.OL 

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