Home Business Difficult financial situation for LNS-owned Ruby Mine in Greenland
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Difficult financial situation for LNS-owned Ruby Mine in Greenland

By Hilde-Gunn Bye, High North News August 13, 2024

The board of Greenland Ruby has decided to apply for a reconstruction of the company in an attempt to avoid bankruptcy. A press release reveals that Greenland Ruby has not succeeded in attaining sufficient funds to manage the company’s debt.

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