07
May
14:00
Grangex acquires Norwegian iron ore mine, eyes concentrate
Sweden’s Grangex has completed the acquisition of Sydvaranger Mining AS, which owns an iron ore mine in Kirkenes, Norway. The firm plans to start production of ultra-high-grade direct reduction magnetite concentrate at Kirkenes as well as at its existing Dannemora mine in Sweden, and to become a leading supplier to the steel industry.
In December, Grangex signed a $17.5 million royalty agreement with Anglo American for the part-funding of the Sydvaranger acq…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous