Peab prepares for ore mining in Kaunisvaara

Peab prepares for ore mining in Kaunisvaara

 

Peab has been contracted to excavate soil on the ore deposit in the
Tapuli mine in Kaunisvaara outside Pajala. The client is Northland
Resources and the contract amounts to approximately SEK 350 million.

In total is it about 10 million cubic meters of soil and rock to be
excavated. Work has commenced and is expected to last for about three
years. Ore mining is expected to start during autumn 2012.

 

For further information, contact:
Peter Åkerström, project manager Peab +46 733 371951

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 8.30 a.m. 6 September
2011.

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