Metso to Supply Mineral Processing Equipment and Services to Northland's Kaunisvaara Project in Sweden
(Thomson Reuters ONE) -
Luxembourg, April 18, 2011: Northland Resources S.A. (TSX: NAU, OSE: NAUR,
Frankfurt: NPK - "Northland" or "the Company") is pleased to announce that Metso
Corporation ("Metso") will supply the mineral processing equipment and services
for the two processing lines at Northland's Kaunisvaara iron ore project in
northern Sweden. The order is valued at USD 293 million.
The Agreement covers the complete equipment package for the processing plant,
including two primary gyratory crushers, two autogenous grinding mills, seven
vertical grinding mills ("VTM 3000"), magnetic separators and seven VPA press
filters. The Agreement also includes engineering, electrical and automation and
the construction of the process plant. Given the long lead times for the first
primary gyratory crusher, an autogenous grinding mill and three vertical
grinding mills, they have already been ordered (refer to our press release dated
February 16, 2011). The Agreement does not include the buildings and related
civil works.
The deliveries for the Tapuli and Sahavaara process lines are scheduled for mid-
2012 and for first and second quarters of 2014, respectively. In a move to
reduce the impact of inflation on the project, the price levels on the equipment
have been fixed.
"We are very pleased to have partnered with Metso for the mineral processing
equipment and services. Access to the long lead items, and Metso's track record
as a reliable supplier of equipment and services to mining companies operating
in northern Sweden were critical factors in our decision-making. This Agreement
supports our goal of keeping the project on time and on budget," said Karl-Axel
Waplan, President and CEO of Northland Resources S.A.
The Kaunisvaara iron ore project is located in Northern Sweden, approximately
100 km north of the Arctic Circle, in the municipality of Pajala. After the
completion, the annual capacity of the process plant will be 12 million tonnes
of dry iron ore and 5 million tonnes of iron ore concentrate.
Northland is a development-stage mining company with a portfolio of iron ore
projects in northern Sweden and Finland. The Company's Kaunisvaara Project will
exploit magnetite iron ore deposits, feeding a single, multi-line processing
facility in Sweden. The process yields a very high-grade, high-quality magnetite
iron concentrate. The Company is also preparing a Definitive Feasibility Study
for the Hannukainen Iron Ore Copper Gold Project in northern Finland.
Metso is a global supplier of sustainable technology and services for mining,
construction, power generation, automation, recycling and the pulp and paper
industries. Metso has about 28,500 employees in more than 50
countries.www.metso.com
On behalf of the Board
"Karl-Axel Waplan"
President & CEO
Northland Resources S.A.
For more information, please contact:
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#1507345]
Unternehmensinformation / Kurzprofil:
Datum: 18.04.2011 - 14:15 Uhr
Sprache: Deutsch
News-ID 53661
Anzahl Zeichen: 4215
contact information:
Town:
Vancouver, BC V6C 2G
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 230 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Metso to Supply Mineral Processing Equipment and Services to Northland's Kaunisvaara Project in Sweden"
steht unter der journalistisch-redaktionellen Verantwortung von
Northland Resources S.A. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
