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Sweden's LKAB cuts iron-ore production on railway woes

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IRON-ORE
Sweden's LKAB will cut its iron ore output following derailments on a railway linking Sweden and Norway and reduced transport capacity going forward, the state-owned mining company said in a statement on Wednesday. LKAB said it will cut production by one-million tonnes per year, and added it may also take additional measures, including laying off staff.
 
 
 
 
 

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