Interim report January-March 2010
(Thomson Reuters ONE) -
Interim Report January - March 2010
EVENTS DURING THE PERIOD
· In the first quarter, Dannemora signed trial delivery agreements
covering a total of 30,000 tonnes of iron ore products with the German steel
companies Salzgitter, Rogesa and ThyssenKrupp.
· Production of iron ore products for trial deliveries began with
underground work in January. Processing started in March.
· Draining of the Dannemora iron ore mine was completed during the
quarter. This was earlier than planned and represents a major step towards
making the mine operational again.
· This year's iron ore price negotiations resulted in large price
increases. The spot price for high-quality iron ore rose sharply during the
first quarter and is now more than 100% higher than the 2009 benchmark prices.
· A new share issue brought the Company SEK 165 million. The new capital
will help bring forward time-critical investments in transport ramps and mine
exploration.
· Profit/loss after net financial items for the period January - March
2010 amounted to SEK -13.9 (-5.7) million.
· The period's cash flow from operating activities was SEK -1.3 (-7.9)
million.
· Investments in the period January - March 2010 amounted to SEK 3.4
(20.0) million.
· Cash & cash equivalents at 31 March 2010 amounted to SEK 216.4 (118.1)
million.
EVENTS AFTER THE END OF THE REPORTING PERIOD
* After the new share issue, transport ramp placement and exploration drilling
began in the mine.
The complete interim report including tables can be downloaded from the link
below:
[HUG#1409091]
Interim report January-March 2010 Dannemora Mineral: http://hugin.info/137553/R/1409091/361723.pdf
Datum: 28.04.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 19826
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