Northland Applies for Environmental Permit for the Sahavaara Mine
(Thomson Reuters ONE) -
Luxembourg, December 7, 2010 Northland Resources S.A. (TSX: NAU, OSE: NAUR -
"Northland" or "the Company") is pleased to announce that it has submitted an
application to the Environmental Court in Umeå, Sweden for the environmental
permit to operate the Sahavaara mine.
Three of the four key permits for the Kaunisvaara Iron Ore Project have already
been granted; exploitation permits (according to the Mineral Law) for the Tapuli
and Sahavaara deposits and the operational permit for the Tapuli mine and the
Kaunisvaara mill.
Northland has put substantial effort into the consultation process and the
quality of this application which takes into account all aspects of sustainable
development. In addition, it has been developed in parallel to and has provided
important input into the development of the technical solutions for the project.
Northland believes that these efforts and the quality of the information
provided in the application have the potential to result in a smooth and
efficient process by the permitting authority. The application has been produced
internally with contributions from leading environmental consultants. The
Company believes that it meets the highest industry environmental standards and
it looks forward to communicating details of the application during the
continued permitting process.
The Sahavaara mine environmental impact assessment describes the logistics
concept to the port of Narvik, and includes truck transport of the concentrate
on highway, which itself is not subject to permitting. The logistics solution is
subject to negotiations with the transport authority, as part of a bigger
picture. An application for the use of heavier trucks than what is standard is a
first and temporary step, while a railroad extension is the preferred long-term
solution. These issues will not affect the overall project timing but provide
opportunities both for the Kaunisvaara project and other potential projects in
the region.
To facilitate the way forward for both the longer-term perspective as well as
the practical steps in the shorter-term perspective, Northland has sent a formal
letter to the Transportation Agency (Trafikverket) in the Northern Region. The
Letter is requesting a joint procedure to secure the most efficient and best
long-term solution, including possible development of a rail connection from
Svappavaara (which is the closest railhead at the rail line today to Narvik
port) to the Kaunisvaara site, as well as the short-term consideration for the
transportation between the process plant in Kaunisvaara and the port of Narvik.
Northland is a development-stage mining company with a portfolio of iron
projects in northern Sweden and Finland. Northland's Kaunisvaara Project
contemplates the staged development of magnetite iron ore deposits that would
provide feed to a single, multi-line processing facility in Sweden, producing a
high-grade, high-quality magnetite iron concentrate. The results of the
Feasibility Study on the Kaunisvaara Project were released September 27, 2010.
"Karl-Axel Waplan"
President & CEO
Northland Resources S.A.
For more information, please contact:
Northland
Karl-Axel Waplan, President and CEO: +46 705 104 239
Anders Hvide, Executive Chairman: +47 92 88 98 58
Eva Kaijser, Chief Financial Officer: +46 70 932 09 01
Marguerite Manshreck-Head, Investors Relations, Canada: + 1 647 224 7882
Or visit our website: www.northland.eu
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
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
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Northland Resources S.A. via Thomson Reuters ONE
[HUG#1469898]
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Datum: 07.12.2010 - 15:26 Uhr
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News-ID 49481
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