Dannemora Mineral AB: Interim Report January - September 2009

(Thomson Reuters ONE) - * Steel companies in Europe are gradually increasing their capacity utilisation now that the global economy is continuing to show signs of recovery. The World Steel Association is predicting that steel use in the world will increase by more than nine percent in 2010. * The draining of the mine is continuing according to plan. More than 2 million m3 of water has been pumped out and the main level of 350 metres has now been passed. * The production of ore products for trial deliveries started in September. 40,000 tonnes of iron ore are currently being processed in a mobile plant and negotiations are underway with several European steel companies. * Geophysical surveys of the measured ores in the northern section of the Dannemora field have shown extensions down to a depth of several hundred metres, and in some cases with the potential of going down to one thousand metres. * Profit/loss after net financial items for the period January - September 2009 amounted to SEK -17.3 (-13.3) million. * Cash flow from operations in the period January - September 2009 was SEK -17.2 (-18.9) million. * Investments in the period January - September 2009 amounted to SEK 49.4 (44.2) million. * Cash & cash equivalents at 30 September 2009 amounted to SEK 72.9 (167.9) million.The full report with tables can be downloaded from the followinglink:http://hugin.info/137553/R/1349642/325325.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 23.10.2009 - 08:02 Uhr
Sprache: Deutsch
News-ID 7328
Anzahl Zeichen: 0

contact information:
Town:

London

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 256 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Dannemora Mineral AB: Interim Report January - September 2009"
steht unter der journalistisch-redaktionellen Verantwortung von

Dannemora Mineral AB (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Dannemora Mineral AB: Press Release 13 November 2009 ...

AGREEMENT SIGNED WITH VOESTALPINE FOR TRIAL DELIVERY OF IRON ORE Dannemora has signed an agreement with Austrian steel company Voestalpine AG for the delivery of approx. 10,000 tonnes of iron ore products. The ore will be shipped from the port of Ha ...

Dannemora Mineral AB: Interim Report January - June 2009 ...

* With global demand for steel having stabilised in the second quarter, many steel companies entered the third quarter in a position to raise their prices. * Iron ore imports to China hit a record high in the first half of 2009, increa ...

Alle Meldungen von Dannemora Mineral AB