Swedish Delta Minerals start delivering iron ore to China

(This is a translation of the Swedish press release)

  • Delta Minerals AB is now delivering iron ore to China from an environmental project in the Philippines.
  • Deliveries and advance payment have been agreed with Chinese SunGlobe Mining and Resources Corporation based on a frame agreement of 60,000ton iron ore.

”Our business model turns out to be efficient and the company will deliver continuously from the Philippines to both China and Singapore. In spite of deteriorating commodity markets during 2015 in China, the company have managed to sign this agreement and commence deliveries”, says Thomas Lundgren, CEO of Delta Minerals.

“This is the launch of the commercial activities in our large environmental project excavating flood material from the Cagayan river in the Philippines protecting land and villages from flooding.”, continues Thomas Lundgren, CEO of Delta Minerals.

Swedish Delta Minerals have the possibility to sell all minerals and all sand the company excavates out of the river and thereby limiting flooding in the region.

The final payment is decided on market price, content and volume when delivered, which will be communicated after the delivery.

”A Memorandum of Understanding (MOU) has earlier been signed by the Singapore based CHAHAYA SHIPPING AND TRADING CO concerning 500,000 ton reclamation sand with preliminary supplies during the first half of 2016.”, continues Thomas Lundgren.

“Also Golden Kingdom Holding is another buyer in Singapore, interested in sand and magnetite with whom we also have signed a frame agreement.” concludes Thomas Lundgren.

For more information see homepage

Swedish Delta Minerals AB was founded in 2013 and listed in July 2014 on AktieTorget. At the end of 2014, a pilot production; the first operating unit in the Cagayan province in Northern Philippines commenced. The company has the rights to pursue environmental projects in the Philippines. The company objective is to excavate river material in Northern/Northwestern Philippines for excavation of minerals and sand and thereby reducing river flooding simultaneously improving river navigation. The Cagayan River contains mineral assets of 2.000.720.000 MT (Metric Ton) with an average content of 3%. The company has access to additional four rivers in the Cagayan province.


For further information, please contact

Hakan Gustafsson, Chairman of the Board, hakan.gustafsson@deltaminerals.se, mobile + 46-70-268 00 35.
Thomas Lundgren, CEO, thomas.lundgren@deltaminerals.se, mobile + 46-70-397 25 24.

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Facts about the company
Delta Minerals AB is a Swedish public company listed on the stock market with the right to carry out environmental projects in the Philippines with the support of regional/local authorities. The company's goal is to begin operations in estuaries of Northwestern Philippines for the extraction of minerals and sand.

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