August26,2011
By Matthew Hill
TORONTO – Northland Resources, developing an iron-ore mine in Sweden, said on Thursday it signed a lease agreement with the Scandanavian nation’s Narvik Port, and that it is on track to produce the steelmaking ingredient at the Kaunisvaara by the end of next year.
“We are very pleased that the Narvik authorities have provided the final approval which will allow us to start construction of the new terminal and ancillary infrastructure so that it will be ready for the first shipment of high-grade, high quality iron concentrate from our mines in Kaunisvaara at the beginning of 2013,” Northland CEO Karl-Axel Waplan said.
Work will now begin on a temporary shipping facility, including a quay, a depot, a conveyor belt, a de-icing facility, and an unloading facility for the railcars and railway lines.
The TSX-listed company aims to truck the iron-ore concentrate 150 km from the mine to a railway line that will rail it to the port, but is considering building a rail conection that would cost in the region of $1-billion, Waplan said earlier this year.
Northland has entered into industrial off-take contracts which will last for seven to eight years for Kaunisvaara’s entire five-million ton a year production.
The mine is located in north-eastern Sweden.
The company also announced the names of the three compnies it previously said would handle the transportation of its ore as Savage Service Corporation, Peab and Grieg Logistics.
Savage will carry the overall responsibility for the coordination, management and cooperation between the three parties and coordinate the work program.
(sourced Mining Weekily)
By Matthew Hill
TORONTO – Northland Resources, developing an iron-ore mine in Sweden, said on Thursday it signed a lease agreement with the Scandanavian nation’s Narvik Port, and that it is on track to produce the steelmaking ingredient at the Kaunisvaara by the end of next year.
“We are very pleased that the Narvik authorities have provided the final approval which will allow us to start construction of the new terminal and ancillary infrastructure so that it will be ready for the first shipment of high-grade, high quality iron concentrate from our mines in Kaunisvaara at the beginning of 2013,” Northland CEO Karl-Axel Waplan said.
Work will now begin on a temporary shipping facility, including a quay, a depot, a conveyor belt, a de-icing facility, and an unloading facility for the railcars and railway lines.
The TSX-listed company aims to truck the iron-ore concentrate 150 km from the mine to a railway line that will rail it to the port, but is considering building a rail conection that would cost in the region of $1-billion, Waplan said earlier this year.
Northland has entered into industrial off-take contracts which will last for seven to eight years for Kaunisvaara’s entire five-million ton a year production.
The mine is located in north-eastern Sweden.
The company also announced the names of the three compnies it previously said would handle the transportation of its ore as Savage Service Corporation, Peab and Grieg Logistics.
Savage will carry the overall responsibility for the coordination, management and cooperation between the three parties and coordinate the work program.
(sourced Mining Weekily)
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