Northland and Kiruna Wagon to design a prototype for new railcars
(Thomson Reuters ONE) -
Luxembourg, June 9, 2011: Northland Resources S.A. (TSX: NAU, OSE: NAUR,
Frankfurt: NPK - "Northland" or "the Company") is pleased to announce the start
of a cooperation with Kiruna Wagon to develop a railcar specially designed to
meet the demand for handling the high-grade iron ore concentrate from
Northland's Kaunisvaara mine.
The aim of the cooperation is to develop a railcar which meets the requirements
of Northland and the national transport agencies in Sweden and Norway. The iron
ore deliveries from Kaunisvaara are expected to begin first quarter 2013 and in
total Northland will need of maximum of 220 railcars.
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 Oxide Copper Gold Project in Kolari, northern Finland.
The Kiruna Wagon consortium was founded in 2004 to manufacture the new
generation ore wagons for LKAB, with a capacity of up to 100 metric tonnes.
Today the company Kiruna Wagon is owned by Nybergs Mekaniska Verkstad and
Rönnqvist & Wettainen and has developed, manufactured and repaired ore wagons
for LKAB and Boliden.
"Karl-Axel Waplan"
President & CEO
Northland Resources S.A.
For more information, please contact:
Karl-Axel Waplan, President and CEO: +46 705 104 239
Willy Sundling, Project Manager, Logistics: +46 705 533 883
Anders Antonsson, Vice President Investor Relations: +46 709 994 970
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#1522446]
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Datum: 09.06.2011 - 13:00 Uhr
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News-ID 55449
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