Operations underway in Dannemora iron ore mine

Donnerstag, 23. Februar 2012 08:34
 ·          Commercial mining began on 13 January.

 ·          Sorting plant is in trial production phase and will be taken into
commercial operation in early April.

·          Shipping of ore to customers starts in May, according to agreed
delivery schedules.

·          Scale-up to full production is brought forward by six months to March

 Underground work in the form of development of ore bodies, local ramps and a
new ramp connection to the surface was carried out during last year. Production
drilling using the sub-level caving method has been in progress since November.
The Company notified the Mining Inspectorate of the start of mining operations
on 13 January 2012.

The new sorting plant is ready, and trial production is taking place during
February and March in sections.  The entire plant is scheduled to be taken into
continuous operation in early April.

Theory training of the Company's first shift team has been completed and has now
moved on to practical work on the surface and underground. Recruitment of the
second shift team of just under 20 individuals is in progress. The number of
applicants for the second shift has reached almost 900.

The entire logistics chain from mine to loading in Hargshamn is essentially
ready for commissioning. There is still some installation work taking place at
the port. Shipping of iron ore to customers starts in May in accordance with the
supply agreements signed with ThyssenKrupp and Salzgitter.

The new hoist system (ore skip) will be operational earlier than originally
planned. This means the scale-up to full annual production of 1,500,000 tonnes
of finished product has been brought forward by six months to March 2013.

Read Press release below

Press release 23 Februry 2012:

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Source: Dannemora Mineral AB via Thomson Reuters ONE

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