Second agreement for Dannemora Mineral to deliver iron ore to ArcelorMittal

 SECOND AGREEMENT FOR DANNEMORA MINERALTO DELIVER IRON ORE TO ARCELORMITTAL

Dannemora Mineral has signed an agreement for delivery of approx. 10000 tonnes of iron ore products with the world's largest steel company ArcelorMittal. Delivery will take place in the fourth quarter of this year and the ore will be used in full-scale trial production at ArcelorMittal's production plant in Bremen, Germany.

Earlier this year Dannemora Mineral signed a first agreement ith ArcelorMittal for delivery of 15000 tonnes of iron ore products. This will also be delivered during the fourth quarter of this year.

Staffan Bennerdt, CEO and President of Dannemora Mineral: We are delighted that we have concluded this second agreement with the largest steel producer in the world. ArcelorMittal will now try out both of the two iron ore products that will be produced in Dannemora

 Dannemora Mineral has now signed iron ore trial delivery agreements with six European steel companies. The first agreement was signed in 2009 with the Austrian company Voestalpine and was followed in 2010 by agreements with Salzgitter, ThyssenKrupp, Rogesa, SSAB and finally the two agreements with ArcelorMittal. 

 Staffan Bennerdt: "We are now discussing long-term supply contracts with potential customers who have already tested our iron ore in their production processes. At the same time we are also negotiating loan financing of the Dannemora mining project.

The pressrelease can be downloaded from the link below: