Dannemora Mineral AB: Press Release 13 November 2009
AGREEMENT SIGNED WITH VOESTALPINE FOR TRIAL DELIVERY OF IRON ORE
Dannemora has signed an agreement with Austrian steel company Voestalpine AG for the delivery of approx. 10,000 tonnes of iron ore products. The ore will be shipped from the port of Hargshamn and delivered to Voestalpine's iron ore storage facility in Rotterdam. Full-scale trial production is scheduled to take place around the turn of the year in one of Voestalpine's blast furnaces in Linz when the Dannemora ore's properties will be assessed combined with other ores.
Staffan Bennerdt, Group President and CEO comments: "I am delighted that we have now signed our first trial delivery agreement. It is heartening to observe such genuine interest in the Dannemora ore despite the difficult situation in the economy."
The Dannemora iron ore mine will achieve annual production of 1.5 M tonnes of iron ore products at full capacity. Iron ore production is scheduled to commence during summer 2011, with full capacity expected in the second half of 2012.
For further information, please contact:
Staffan Bennerdt, Group President
Telephone 0295- 24 44 22
This document is a translation of the original press release in Swedish. In case of divergence, the
Swedish version shall have precedence.
Dannemora Mineral AB is a mining and exploration company.The Company's primary goal is to recommence 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 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, which is responsible for operation of the Dannemora mine and the Group's exploration activities, and Dannemora Förvaltnings AB, which is responsible for the property portfolio.
The Company's most important asset is the iron ore deposit at Dannemora, and activities will initially focus mainly on the planned mining of this deposit.
The Company's Certified Advisor on First North is E. Öhman J:or Fondkommission AB.