ABB supplies hoist system

Dannemora Mineral has signed a contract with ABB for the delivery, installation and commissioning of  a new hoist system for the Dannemora Mine.  The system is one of the key components in the completion of the Dannemora mine and will transport the ore from a depth of almost 600 metres up to the head frame. From there the ore will be transported to the sorting plant on conveyor belts. The capacity is around 500 tonnes per hour and it will be operational 24 hours a day, 7 days a week.

 "ABB's business unit Mining in Sweden is the most experienced supplier of hoist systems to the mining industry," says Staffan Bennerdt, President and CEO of Dannemora Mineral. "The lead times for this type of equipment are long and we have selected ABB on the basis of their expertise and experience to deliver, install and commission the plant within the tight time frames set for this part of the investment project."

The hoist system is projected for an annual capacity of 3.3 million tonnes of crude ore from the mine. This means the capacity will exceed the production capacity of 2.5 million tonnes of crude ore stated in the feasibility study, and the system is expected to be operational by autumn 2013.

ABB's business unit Mining in Sweden has delivered more than 600 systems to around 30 countries over the years. The contract for the delivery, installation and commissioning is worth about SEK 65 million, while the entire investment for the hoist system, including construction work in the head frame and preparation of the underground areas, amounts to approx. SEK 95 million.

 

The Press Release can be downoaded from the link below

About Us

Dannemora Mineral AB is a mining and exploration company of which the primary activity is mining operations in the Dannemora iron ore mine. The Company also engages in exploration activities to increase the iron ore base locally and regionally, and to explore for base and precious metals in several areas in Uppland where the potential for finding mineable deposits is considered good. Dannemora Mineral comprises the Parent Company Dannemora Mineral AB and the wholly-owned subsidiaries Dannemora Magnetit AB (responsible for operation of the Dannemora mine and the Group’s exploration activities) and Dannemora Förvaltnings AB (responsible for the property portfolio). The Company’s most important asset is the iron deposit in the Dannemora Mine, and activity is focused mainly on the mining of this deposit at present. The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo Axess. The Company's Certified Adviser on First North is Remium AB.

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