Northland Resources Moves Forward with Kaunisvaara Project
Northland Resources has concluded a positive definitive feasibility study of its Kaunisvaara project in northern Sweden.
Mining operations are expected to start in the fourth quarter of 2012.
First iron ore concentrate production from the project is expected in early 2013 at roughly 1.5 million tons a year, increasing to 5Mtpa by 2014.
The Kaunisvaara project includes the company's Tapuli and Sahavaara magnetite iron ore deposits and the Kaunisvaara mill.