Dannemora commissions Skanska to build sorting plant

Dannemora commissions Skanska to build sorting plant 

Dannemora Mineral has signed a partnership agreement with Skanska IME for the construction of the new sorting plant at the Dannemora Site.

Skanska IME was also responsible for coordinating the project planning and design of the plant during the first quarter of this year, and this has formed the basis for the present contracts. Skanska IME will carry out the land and construction work and coordinate the process installation.

          "Skanska is an experienced industrial building company, and the partnership agreement means we can rest assured that their expertise and commitment will provide us with a cost-effective construction within the project's tight time frame," says Staffan Bennerdt, CEO and President of Dannemora Mineral. "The financing of the Dannemora project progressed according to plan and we expect the sorting plant to be ready for operation in spring 2012."

The sorting plant has been designed for an annual capacity of 2.0 million tonnes of finished products in the proportion of 60 percent lump ore and 40 percent fines. The plant's annual capacity of 2.0 million tonnes will exceed the annual production capacity of 1.5 million tonnes stated in the Company's feasibility study.

Skanska IME is Skanska's organisation for industrial projects in Northern Sweden. The contract for the land and construction work is worth approx. SEK 80 million, while the entire investment in the sorting plant, including loading, waste product handling and the personnel areas is estimated at approx. SEK 235 million.

           "We are proud to be entrusted with providing a cost-effective plant under this agreement, which will allow Dannemora Mineral to resume operations on schedule in this historical iron ore mine," says Bengt Hedberg, Project Manager at Skanska IME.

 

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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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