TI1 tombador iron limited

News: TI1 Tombador Iron Decides To Suspend Mining Operations At Tombador Project

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    Oct 11 (Reuters) - Tombador Iron Ltd (TI1) :

    • DECIDED TO SUSPEND MINING OPERATIONS AT TOMBADOR PROJECT
    • SUSPENSION OF OPERATIONS WILL ENABLE CO TIME TO THOROUGHLY ASSESS ECONOMIC VIABILITY OF PROJECT
    • NOW IN DISCUSSIONS WITH MINING CONTRACTOR AS TO SUSPENSION TIMING, COSTS AND PROCESS
    • CURRENT MARKET CONDITIONS AND EXTERNAL FACTORS HAVE CREATED OPERATIONAL CHALLENGES THAT IMPACT PROJECT'S FINANCIAL VIABILITY
 
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