Dannemora Mineral AB : Dannemora and Hargs Hamn conclude 10-year contract

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Press release 10 January 2012 Dannemora and Hargs Hamn conclude 10-year contract

Dannemora Mineral has signed a ten-year contract with Hargs Hamn AB for the unloading of ore trains, storage of iron ore products and loading onto ships.

The agreement means that the port is investing in the necessary adaptation and upgrading for optimum handling of iron ore from Dannemora.

The agreement also includes cooperation between the parties on gradually improving the efficiency and economy of the terminal services.

"It is very satisfying that this agreement means we have now successfully resolved the last part of the iron ore handling from Dannemora to the port," says President and CEO Staffan Bennerdt.

The Company is planning the resumption of operations in Dannemora in the second quarter of 2012 and also expects the first deliveries to be shipped then.

For further information, please contact: Staffan Bennerdt, Group President
Telephone [phone]
staffan.b ennerdt@dannemora mine ral.se
Dannemora Mineral AB is a mining and exploration company which has as its primary goal the resumption of mining operations in the Dannemora iron ore mine. The Company also engages in exploration activities to increase the iron ore base locally and regionally, and to explore for base and precious metals in several areas in Uppland where the potential for finding mineable 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 and the Group's exploration activities) and Dannemora Förvaltnings AB (responsible for the property portfolio).
The Company's most important asset is the iron ore deposit at Dannemora, and activities will initially focus on the planned mining of this deposit.
The Company is listed on NASDAQ OMX First North, Stock holm, and Oslo Axess. The Company's Certified
Adviser on First North is Remium AB.
The Company's independent qualified person is mining engineer Thomas Lindholm, Geovista AB, Luleå. Thomas Lindholm is qualified as 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.