Thursday, 07 Jul 2011
Northland Resources has announced an agreement to form 50:50 joint ventures with civil engineering firm Peab to manage the transportation of iron from the magnetite mine which Northland is developing at Kaunisvaara, 100 kilometres north of the Arctic Circle in Sweden.
Production is expected to be underway at the end of 2012, with an annual capacity of 5 million tonnes of iron ore concentrate.
Mr Karl Axel Waplan, Northland President & CEO said on June 29th that the joint venture will manage the entire transport chain include lorry transport to the Svappavaara railhead, movement by rail to the Norwegian port of Narvik and loading onto ships.
One or two further partners are to be invited to join the venture. No decision has been taken has been taken as to whether the joint venture will operate trains itself or subcontract haulage.
Kiruna Wagon has been commissioned to develop an ore concentrate wagon for the project with an order for up to 220 envisaged. Peab has a SKr800m contract for civil works at the mine.
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