Dannemora iron ore mine - production and deliveries in 2012
(Thomson Reuters ONE) -
Dannemora iron ore mine - production and deliveries in 2012
Production results and deliveries in 2012
Q1 Q2 Q3 Q4 2012
--------------------
Produced crude ore, mine (kt) 60 113 274 492 939
ROM crude ore, sorting plant (kt) 130 307 451 887
ROM iron content, sorting plant (wt%) 30% 32% 34% 32%
Outcome of finished product (kt) 32 81 159 271
Finished product yield, plant (wt%) 25% 26% 35% 31%
Finished product shipped to customers (kt) 18 60 155 233
Products and customers in 2012
* Lump ore with 50 per cent iron content and sinter fines with 55 per cent
iron content were produced and delivered during the year.
* The shipments were made to Salzgitter, ArcelorMittal, SSI via Stemcor,
Thyssen and Rogesa. .
Outlook for 2013
* Mine production of crude ore will reach full capacity, and the iron content
of the crude ore will be higher than in 2012. As the crude ore capacity is
expected to exceed the sorting plant's capacity, the mine is not expected to
have a restrictive effect on the production of finished products.
* The sorting plant's production capacity will increase as a result of
continuing fine-tuning, an expansion to five shifts and measures to
eliminate operational disruptions that have restricted capacity utilisation.
* The finished product yield in the sorting plant will increase due to the
crude ore's higher iron content, continuing fine-tuning and improvements to
equipment in the existing plant.
Significant potential for improvement at the sorting plant
* Operational readiness at the sorting plant in Q4 was approx. 75 per cent.
Operational disruptions caused by scrap metal in run of mine ore and a lack
of spare parts had an adverse effect on operational readiness. An action
programme aimed at gradual but significant improvements is in progress.
* The finished product yield in the sorting plant is still low. An action
programme aimed at significantly increasing the yield is in progress. The
action programme encompasses a small number of equipment investments that
will provide improved separation of saleable products and waste materials
and a more even flow of material through the crushers.
* The action programmes to increase operational readiness and finished product
yield are largely planned to be implemented during the first half of 2013
and to gradually take effect during 2013. The investment cost for the action
programmes is expected to amount to a maximum of SEK 30 million.
* To reach full yield potential, an investigation is being made of the
possibility of adding an extra processing step for the recovery of saleable
product from the waste product that is now deposited. The waste product
contains a substantial amount of iron. The investment cost of an extra
processing step cannot be estimated in the current situation, as the
investigation is still ongoing.
* With the planned adjustments to the existing process and an extra processing
step, it should be possible to increase the yield of the finished product by
between 55 per cent and 60 per cent. The sorting plant which was in
operation until the mine's closure in 1992 was built in the 1960s and
achieved a yield of about 58 per cent.
"After having been in my position for just a few weeks, I am positively
surprised by the fact that, despite the steel industry's situation in Europe,
there is good demand for our products," says Ralf Nordén, the newly appointed
President and CEO of Dannemora Mineral. "Internally, the focus is on the sorting
plant's productivity and the overall yield in order to meet demand for ore. The
action programmes that are in progress will gradually produce good effects."
Read Press release below
Press release January 11 2013:
http://hugin.info/137553/R/1669761/542541.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: Dannemora Mineral AB via Thomson Reuters ONE
[HUG#1669761]
Datum: 11.01.2013 - 08:51 Uhr
Sprache: Deutsch
News-ID 218693
Anzahl Zeichen: 5055
contact information:
Town:
Österbybruk
Kategorie:
Business News
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