Dannemora Mineral AB: Press Release 26 May 2009
Draining of Dannemora mine underway
After eleven months of preparation, draining work in the Dannemora mine began on Tuesday. At a capacity of approx. 300 litres per second, the installed pumps in the existing central shafts will drain the mine down to the 460 metre level.
Dannemora Mineral has invested in a large sedimentation plant. This plant and the water-control programme approved by the County Administrative Board will ensure good environmental control.
The draining operation, which is being carried out by a consortium made up of ITT Water & Wastewater and Contector, is expected to be completed in March 2010.
Staffan Bennerdt CEO and President of Dannemora Mineral: "This is a crucial step towards our planned operational start-up in the Dannemora mine in summer 2011. It is encouraging to note that the draining project has proceeded entirely according to plan so far - both in terms of implementation and cost."
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, with the main goal 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.