Northland Signs Agreement with Pöyry for Engineering and Construction Support for Kaunisvaara Project
(Thomson Reuters ONE) -
Luxembourg, April 28, 2011: Northland Resources S.A. (TSX: NAU, OSE: NAUR,
Frankfurt: NPK - "Northland" or "the Company") is pleased to announced that an
agreement between Northland and Pöyry Sweden AB ("Pöyry") was signed for the
supply of a team that will supplement and support Northland's existing
management to lead the engineering and construction phase of the Kaunisvaara
Iron Ore Project. The agreement was signed in Luleå by Shane Williams, Vice
President, Projects and Per Lundström, Vice President, Pöyry Sweden AB.
"I see this as a key agreement for the Kaunisvaara Project," said Karl-Axel
Waplan, President & Chief Executive Officer of Northland. "Support from
experienced and skilled personnel from Pöyry is important to Northland as we
work to keep the time lines for the engineering and construction phase of the
Project and as work is coordinated with the process supplier Metso and the
construction company."
With the aim of reducing execution risk for the Kaunisvaara Project, Pöyry
brings a team with key skills and experience in engineering and construction of
large scale projects. Pöyry also has in-depth expertise in mining projects in
northern Sweden and Finland. It is currently working with First Quantum Minerals
Ltd. in the development of its Kevitsa nickel project in Northern Finland.
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 tons of
dry iron ore and 5 million tons 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.
Pöyry is a global consulting and engineering company dedicated to balanced
sustainability and responsible business. With quality and integrity at our core,
we deliver best-in-class management consulting, total solutions, and design and
supervision. Our in-depth expertise extends to the fields of energy, industry,
urban and mobility and water and environment. Pöyry has 7,000 experts and a
local office network in about 50 countries.www.poyry.com
On Behalf of the Board
"Karl-Axel Waplan"
President & CEO
Northland Resources S.A.
For more information, please contact:
Karl-Axel Waplan, President & CEO: +46 705 104 239
Marguerite Manshreck-Head, Investor Relations, Canada: + 1 647 224 7882
Anders Antonsson, Vice President, Investor Relations: +46 709 994 970
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
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Datum: 28.04.2011 - 13:01 Uhr
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