Dannemora Mineral AB: Press Release 13 November 2009
(Thomson Reuters ONE) - AGREEMENT SIGNED WITH VOESTALPINE FOR TRIAL DELIVERY OF IRON OREDannemora has signed an agreement with Austrian steel companyVoestalpine AG for the delivery of approx. 10,000 tonnes of iron oreproducts. The ore will be shipped from the port of Hargshamn anddelivered to Voestalpine's iron ore storage facility in Rotterdam.Full-scale trial production is scheduled to take place around theturn of the year in one of Voestalpine's blast furnaces in Linz whenthe Dannemora ore's properties will be assessed combined with otherores.Staffan Bennerdt, Group President and CEO comments: "I am delightedthat we have now signed our first trial delivery agreement. It isheartening to observe such genuine interest in the Dannemora oredespite the difficult situation in the economy."The Dannemora iron ore mine will achieve annual production of 1.5 Mtonnes of iron ore products at full capacity. Iron ore production isscheduled to commence during summer 2011, with full capacity expectedin the second half of 2012.For further information, please contact:Staffan Bennerdt, Group PresidentTelephone 0295- 24 44 22staffan.bennerdt(at)dannemoramineral.seThis document is a translation of the original press release inSwedish. In case of divergence, theSwedish version shall have precedence.Dannemora Mineral AB is a mining and exploration company.TheCompany's primary goal is to recommence mining operations in theDannemora iron ore mine. The Company also engages in explorationactivities to increase the iron ore base locally and regionally, andto explore base and precious metals in several areas in Uppland wherethe potential for finding mineable deposits is considered good.Dannemora Mineral comprises the parent company Dannemora Mineral ABand the wholly-owned subsidiaries Dannemora Magnetit AB, which isresponsible for operation of the Dannemora mine and the Group'sexploration activities, and Dannemora Förvaltnings AB, which isresponsible for the property portfolio.The Company's most important asset is the iron ore deposit atDannemora, and activities will initially focus mainly on the plannedmining of this deposit.The Company's Certified Advisor on First North is E. ÿhman J:orFondkommission AB.http://hugin.info/137553/R/1354813/328641.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 13.11.2009 - 08:02 Uhr
Sprache: Deutsch
News-ID 8354
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