Northland Receives the Environmental Permit for its Tapuli Mine and Kaunisvaara Mill
(Thomson Reuters ONE) -
Luxembourg, August 20, 2010: Northland Resources S.A. ("Northland" or "the
Company") is pleased to announce that the Finnish-Swedish Border River
Commission today approved the environmental permit for the Tapuli mine and the
Kaunisvaara mill.
"The permit allows for the mining of more than 100 million tonnes of magnetite
iron ore from the Tapuli mine and for the processing of that ore into a high
quality concentrate in the Kaunisvaara mill. This is a critical cornerstone in
the development of the Kaunisvaara Iron Concentrate Project," stated Karl-Axel
Waplan, CEO of Northland Resources S.A.
The permit for the Kaunisvaara mill gives Northland approval to process 20
million tonnes of ore and to produce 5 million tonnes of concentrate per year.
This means that there is sufficient capacity to process ore from the Tapuli
mine as well as from other deposits that are in the advanced planning and
development stage in the Kaunisvaara area. The comprehensive permit approves
dedicated facilities for the storage of waste rock from the mine and tailings
from the mill, as well as related facilities for the management of process
water, and it covers the discharge of excess water into the Muonio River.
The permit conditions, which meet international standards for environmental
protection, are in all material respects in accordance with Northland's proposal
and expectations, based on a constructive dialogue with local, regional and
national authorities in Sweden and Finland, as well as consultations with
stakeholders in the region.
Northland is a development-stage mining company, with iron assets in northern
Sweden and Finland. The Kaunisvaara Project in Sweden is the Company's flagship
project, and is currently the subject of a Feasibility Study, which is expected
to be finalized and publicized in September. The Kaunisvaara Project is
expected to produce up to 5 million tonnes per annum of a high-grade,
high-quality iron magnetite concentrate that is expected to be sold as a premium
product to pellet producers.
For more information please contact:
Karl-Axel Waplan, President & CEO: +46 705 104 239
Anders Hvide, Executive Chairman: +47 92 88 98 58
Manfred Lindvall, Vice President, EHS: +46 706 595 966
Jonas Lundström, Vice President, Human Resources and Corporate Communications:
+46 705 493 338
Marguerite Manshreck-Head, Investor Relations, Canada: +1 647 224 7882
Or visit our website at:www.northland.eu
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1439262]
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Source: Northland Resources S.A. via Thomson Reuters ONE
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Datum: 20.08.2010 - 14:37 Uhr
Sprache: Deutsch
News-ID 39858
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