Peab prepares for ore mining in Pajala

Peab prepares for ore mining in Pajala

Peab has been contracted to carry out the preparatory work to begin iron
ore mining in Kaunisvaara in Pajala. The client is Northland Resources
AB and the contract amounts to approximately SEK 800 million.
The contract includes the design, earthworks, roads, buildings for the
concentrator and construction of a crushing station, conveyors and more.
Engineering, procurement and installation of process equipment is not
included in the contract.

 

For further information, please contact:

Anders Berntsson, project manager Peab +46 733 373343

Gösta Sjöström, CIO Peab +46 733 371010

Peab AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 1.35  p. m. on 31 May
2011.

Previous press releases from Peab are available at
www.peab.com (http://www.peab.com/)