Interim Report January-june 2011
(Thomson Reuters ONE) -
Significant events during the quarter
* Dannemora has entered into an agreement with Bergteamet AB for ramp
connection to the surface and pre-production development work.
* Dannemora has contracted Sandvik Mining and Construction Sverige AB for the
supply of mobile mining equipment. Financing is provided under an agreement
with Swedbank Finans AB.
* The foundation work and steel structure for the new sorting plant was
completed during the period and the work is proceeding according to plan.
* Net sales for the period January-June 2011 amounted to SEK 1.7 (14.6)
million. Profit/loss after net financial items during the same period
amounted to SEK -32.5 (-28.9) million. Net sales for Q2 2011 amounted to SEK
0.9 (13.9) million, while profit/loss after net financial items was SEK
-24.4 (-15.0) million
* Cash flow from operating activities for the period January-June 2011
amounted to SEK 25.7 (-24.4) million. After cash flow from investing
activities, SEK -280.3 (-2.4) million, and cash flow from financing
activities, SEK 864.1 (247.0) million, total cash flow for the period was
SEK 609.4 (220.2) million.
* Investments in the period January-June 2011 amounted to SEK 178.5 (7.8)
million. Investments during Q2 2011 totalled SEK 144.9 (4.4) million.
* Cash & cash equivalents at 30 June 2011 amounted to SEK 922.7 (280.6)
million.
Significant events after the end of the quarter
* Dannemora Mineral has entered into an operator agreement with Green Cargo AB
and a rail car leasing agreement with NACCO S.A.S. for rail transport to
Hargshamn.
* An evaluation of the drilling programme which began in 2010 has resulted in
the identification of a new mineral resource, Norrnäs 3. The new calculation
of mineral resources, which shows an increase of approx. 2.75 million
tonnes, is also due to the fact that iron grades of between 20 and 30
percent have been included in the models and that a new and better density
calculation was used.
Read the Report using the link below
Interim Report 2011-08-26:
http://hugin.info/137553/R/1541478/471612.pdf
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Source: Dannemora Mineral AB via Thomson Reuters ONE
[HUG#1541478]
Datum: 26.08.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 59580
Anzahl Zeichen: 2986
contact information:
Town:
Österbybruk
Kategorie:
Business News
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"Interim Report January-june 2011"
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