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Monday, October 17, 2011

Dannemora and Stemcor ink long term iron ore supply contract

Monday, 17 Oct 2011

Dannemora Mineral has signed a 5 year off take agreement with Stemcor UK Ltd for the annual supply of up to 40% of production or approx. 600,000 tonnes of iron ore.

Deliveries will commence in 2013.

Mr Staffan Bennerdt CEO & president of Dannemora Mineral said “The agreement is a confirmation that our products are attractive in the market and means that we have now signed contracts for 80% of our production at full operation and secured our sales for 2012 and 2013.”

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