Second agreement for Dannemora Mineral to deliver iron ore to ArcelorMittal

Wednesday, 06. October 2010 10:31
 SECOND AGREEMENT FOR DANNEMORA MINERALTO DELIVER IRON ORE TO ARCELORMITTAL

Dannemora Mineral has signed an agreement for delivery of approx. 10000 tonnes
of iron ore products with the world's largest steel company ArcelorMittal.
Delivery will take place in the fourth quarter of this year and the ore will be
used in full-scale trial production at ArcelorMittal's production plant in
Bremen, Germany.

Earlier this year Dannemora Mineral signed a first agreement ith ArcelorMittal
for delivery of 15000 tonnes of iron ore products. This will also be delivered
during the fourth quarter of this year.

Staffan Bennerdt, CEO and President of Dannemora Mineral: We are delighted that
we have concluded this second agreement with the largest steel producer in the
world. ArcelorMittal will now try out both of the two iron ore products that
will be produced in Dannemora

 Dannemora Mineral has now signed iron ore trial delivery agreements with six
European steel companies. The first agreement was signed in 2009 with the
Austrian company Voestalpine and was followed in 2010 by agreements with
Salzgitter, ThyssenKrupp, Rogesa, SSAB and finally the two agreements with
ArcelorMittal.

 Staffan Bennerdt: "We are now discussing long-term supply contracts with
potential customers who have already tested our iron ore in their production
processes. At the same time we are also negotiating loan financing of the
Dannemora mining project.

The pressrelease can be downloaded from the link below:



[HUG#1449433]





Press Release 06 October 2010 Dannemora Mineral:
http://hugin.info/137553/R/1449433/391385.pdf




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Source: Dannemora Mineral AB via Thomson Reuters ONE
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Author:
Hugin
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