Dannemora Mineral and Finnshipping sign cooperation agreement

DANNEMORA MINERAL AND FINNSHIPPING SIGN COOPERATION AGREEMENT

Dannemora Mineral and Oy Finnshipping Ltd have entered into an agreement whereby Finnshipping will function as Dannemora's shipping department with effect from 1 April 2010.              

Finnshipping will handle Dannemora's entire shipping activities in order to optimise the quality, control, functionality and cost-effectiveness of the Company's deliveries by sea. Final decisions, responsibility and strategic considerations will remain with Dannemora.

Finnshipping is a Helsinki-based dry cargo shipbroker established in 1954.  The company has more than 50 years' proven experience in shipping activities in the Baltic and Northern Europe.

Staffan Bennerdt CEO and President of Dannemora Mineral: "The cooperation agreement with Finnshipping brings Dannemora professional and cost-effective management of its entire shipping activities. The agreement with Finnshipping is confirmation that we have taken another important step towards an operational start-up for the Dannemora mine". 

The Press release can be downloaded from the link below: