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Kaunis Iron – Court Ruling

Kaunis Iron advised that, on January 13th, the Land and Environmental Court declined a demand from the Environmental Protection Agency to completely revoke the company’s mining permit for its operations at Kaunisvaara. While this allows the company to continue its operations, the court simultaneously decreased the annual licensed production from 20 Mt to 7 Mt, corresponding to today’s production and thus limiting the company’s long-term plans.

 

(Source: www.kaunisiron.se)