Operational start-up at sorting plant

On Monday, the sorting plant started its crude ore production for commercial use in Dannemora. This means that Dannemora Mineral AB has met the target for an operational start-up in the second quarter of 2012 and has kept to the schedule for a construction period of one year from the start of construction.

 "This is a very important milestone for the Company," says President and CEO Staffan Bennerdt who was present when the plant began operations on Monday. "We are underway with production, and in the near future we shall streamline the sorting plant to achieve maximum efficiency."

 The sorting plant has been designed for an annual capacity of 2.0 million tonnes of finished products in the proportion of 60 percent lump ore and 40 percent fines.

 Production at the sorting plant will increase in phases from today's start of production until the Company reaches full production. Dannemora estimates that full production will be reached when hoist system (ore skip) is installed in March next year. Until the ore skip is installed, crude ore will be transported up to the sorting plant by truck via the newly opened ramp connection to the surface.

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