Northern Iron tightens the belt

TAKEOVER target Northern Iron has cut jobs, suspended exploration and deferred non-essential capital expenditure due to the recent fall in iron ore prices.

Northern Iron tightens the belt Northern Iron tightens the belt Northern Iron tightens the belt Northern Iron tightens the belt Northern Iron tightens the belt

Due to unplanned maintenance outages, a generator failure and a minor train derailment this month, the company dropped its 2012 guidance to 2.1 million tonnes from 2.

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