Northland Receives Construction Permit for Narvik Iron Ore Terminal
(Thomson Reuters ONE) -
Luxembourg, December 1, 2011: Northland Resources S.A. (TSX: NAU, OSE: NAUR,
Frankfurt: NPK - "Northland" or "the Company") is pleased to announce that the
Narvik Municipality Planning Committee has granted the Company a construction
permit for the iron ore terminal at Fagernes in Narvik, Norway. In August 2011,
Northland signed an agreement with the Port of Narvik for the lease of the area
necessary for the operation of an iron ore terminal, south of the city of
Narvik. The terminal, which is expected to efficiently load vessels of up to
180,000 tonnes, will consist of a quay, an unloading facility for the railcars,
a storage building and a ship loader.
"Following the decision by the Narvik Municipality Planning Committee, Northland
will immediately begin construction," said Shane Williams, Vice President -
Projects at Northland.
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 two magnetite iron ore deposits in Sweden. The process will yield a very
high-grade, high-quality magnetite iron concentrate. The construction of the
Kaunisvaara project is well underway and production is planned to start in the
fourth quarter of 2012. Northland has entered into industrial off-take contracts
which will last for 7-10 years for the entire production from Kaunisvaara. The
Company is also preparing a Definitive Feasibility Study for the Hannukainen
Iron Oxide Copper Gold Project in Kolari, northern Finland. The results of the
study are expected to be released in the first quarter of 2012.
"Karl-Axel Waplan"
President & CEO
Northland Resources S.A.
For more information, please contact:
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#1568177]
Unternehmensinformation / Kurzprofil:
Datum: 01.12.2011 - 14:50 Uhr
Sprache: Deutsch
News-ID 93121
Anzahl Zeichen: 2856
contact information:
Town:
Vancouver, BC V6C 2G
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 138 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Northland Receives Construction Permit for Narvik Iron Ore Terminal"
steht unter der journalistisch-redaktionellen Verantwortung von
Northland Resources S.A. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
