Friday, February 5, 2010

Dannemora Signs Second Iron Ore Trial Agreement

Swedish iron ore miner Dannemora has signed an agreement for trial deliveries of iron ore with German steel company Salzgitter AG with a view to a long-term supply after trial production of the iron ore.

Between 13,000 and 18,000 tonnes of iron ore products will be delivered to Salzgitter’ss iron ore storage facility in Hamburg during the second quarter of 2010.

This is Dannemora’s second trial delivery. The company signed an agreement with Austrian steel producer Voestalpine in November 2009.

The Dannemora iron ore mine is expected to achieve annual production of 1.5 million tonnes of iron ore products at full capacity. Production is scheduled to commence during summer 2011, with full capacity expected in the second half of 2012.

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