Covering Mineral Exploration in the Nordics

Northern Explorer Scandinavian Exploration and mining news logo

Dannemora Offtake Agreement

Grängesberg Exploration Holding signed an offtake and royalty agreement with Anglo American for high-grade magnetite concentrate from Dannemora. The exclusive agreement covers the entire planned production throughout the life of mine, estimated to currently 11 years. As a condition for the offtake agreement, Anglo American also signed a 10 Mio USD royalty agreement that will support financing needs until the restart of the Dannemora mine.

 

You might also enjoy