Interim report per 30 September 2010
Nordic Mining ASA is pleased to present the interim report per 30 September 2010. The following important milestones for the Company are high-lighted:
- Strategically important cooperation agreement with Cristal Global, Inc. for rutile production and product development for the Engebø project
The cooperation agreement verifies the attractiveness and potential for the Engebø project in an international industrial context. Earlier this year Nordic Mining has entered into a similar agreement for garnet as an important by-product for the Engebø project. The garnet agreement is with a reputable international industrial minerals company.
- Tailings from Engebø approved as capping material for contaminated sediments
The approval is according to guidelines from the Norwegian Climate and Pollution Agency. In Norway and in other European countries, significant environmental challenges have been identified in various harbour areas. Capping with suitable minerals represents a significant market potential. Capping with tailings from Engebø can possibly be a positive environmental solution for parts of the problem areas.
- Very promising results from drilling in Finland
In October and early November, a very promising pegmatite vein has been identified as a result of Keliber's ongoing drilling program in prioritised areas in Ostrobothnia. The drilling program is in an early phase and additional drilling will be done in the area where the pegmatite vein has been detected. Results from analysis of drill core samples are expected to be available late November.
The interim report is enclosed for information.
For questions please contact CFO Lars K. Grøndahl, telephone +47 901 60 941.
Oslo, 5 November 2010
Nordic Mining ASA
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)