Dannemora Magnetit’s permit for the operations at the Dannemora iron ore mine
includes crushing facilities above ground as well as underground. At present,
crushing takes place in facilities above ground. Preparations for an underground
crushing facility have been carried out, but are not yet finished. On 18
December 2013, the County Administrative Board issued an injunction on Dannemora
Magnetit to cease the main crushing activities above ground no later than 1
August 2015, combined with a conditional administrative fine of SEK 20 million.
The company appealed the injunction on 20 December 2013.
On 27 January 2014, the County Administrative Board changed its previous
injunction by postponing its effective date until 31 December 2015.
Moving the crushing activities underground are in line with Dannemora Magnetit’s
plans, and are part of the previously announced investment package, for which
the company is seeking long-term financing. Since the County Administrative
Board has postponed the effective date of the injunction, Dannemora Magnetit
considers it possible to abide by the injunction in time. The company has
therefore withdrawn its appeal of the injunction.
For further information, please contact:
Ralf Nordén, President and CEO
Telephone 46 709374891
Niklas Kihl, CFO
Telephone 46295 - 24 44 20, 46730 797 363
Dannemora Mineral AB is a mining and exploration company of which the primary
activity is mining operations in the Dannemora iron ore mine. The Company also
intends to engage in exploration activities to increase the iron ore base
locally and regionally in several areas in Uppland where the potential for
finding workable deposits is considered good.
Dannemora Mineral comprises the parent company Dannemora Mineral AB and the
wholly-owned subsidiaries Dannemora Magnetit AB, responsible for operation of
the Dannemora mine, Dannemora Iron Ore Development AB, responsible for the
Group's exploration, and Dannemora Förvaltnings AB, responsible for the property
The Company’s most important asset is the iron deposit in the Dannemora Mine,
and activity is focused mainly on the mining of this deposit at present.
The Company is listed on NASDAQ OMX First North, Stockholm, and Oslo Axess. The
Company's Certified Advisor on First North is Remium Nordic AB.
The Company's independent qualified person is mining engineer Thomas Lindholm,
Geovista AB, Luleå. Thomas Lindholm is qualified as a Competent Person as
defined in the JORC Code based on education and experience in exploration,
mining and estimation of mineral resources of iron, base and precious metals.
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