Dannemora and Stemcor conclude long-term supply contract

Dannemora Mineral has signed a five-year contract (off-take agreement) with Stemcor UK Ltd for the annual supply of up to 40 percent of production or approx. 600,000 tonnes of iron ore. Deliveries will commence in 2013.

 Staffan Bennerdt CEO and President of Dannemora Mineral:

 "The agreement is a confirmation that our products are attractive in the market and means that we have now signed contracts for 80 percent of our production at full operation and secured our sales for 2012 and 2013. 

Stemcor is the world's largest independent steel trader. Its services span every step in the steel supply chain and include finance, provision of raw materials, steel trading, distribution and stockholding. With turnover exceeding £5bn, the company trades approx. 20 million tonnes of steel and steel-making raw materials per annum through a network of 125 offices across the globe.

 Read more below: