Dannemora and ThyssenKrupp sign a long-term supply agreement

 Dannemora Mineral has signed a five-year off-take agreement with ThyssenKrupp
Steel Europe AG to supply at least 200,000 tons av iron ore every year, with an
option of supplying up to 300 000 tons. Deliveries are planned to start in the
second quarter of 2012, with shipments to Rotterdam, where it will be forwarded
for consumption at Hüttenwerke Krupp Mannesmann.

 "This agreement with ThyssenKrupp and Hüttenwerke Krupp Mannesmann is yet
another important step towards the start of production at the Dannemora iron ore
mine. Along with the agreement with Salzgitter, this means that we have now
signed agreements for more than one third  of our iron ore in full production. I
t also means that we have secured our sales for all of our production in 2012,"
says Staffan Bennerdt, CEO.

ThyssenKrupp is a listed, diversified German industrial group. It has around
180,000 employees in 80 countries. ThyssenKrupp Steel Europe is part of its
Materials division that also handles the procurement for Hüttenwerke Mannesmann
HKM. ThyssenKrupp Steel Europe has more than 29,000 employees and produces more
than 13 million tons of raw steel every year. The Steel Europe Business Area is
focused on the attractive and fast-growing market for premium flat carbon steel.
Its capabilities range from intelligent material solutions, product specific
processing and comprehensive service to finished steel parts and assemblies.
Steel Europe serves a broad spectrum of steel-processing industries, including
the automotive, construction, appliance and energy sectors.


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