Dannemora Mineral has signed a five-year off-take agreement with ThyssenKrupp Steel Europe AG to supply at least 200,000 tons av iron ore every year, with an option of supplying up to 300 000 tons. Deliveries are planned to start in the second quarter of 2012, with shipments to Rotterdam, where it will be forwarded for consumption at Hüttenwerke Krupp Mannesmann.
"This agreement with ThyssenKrupp and Hüttenwerke Krupp Mannesmann is yet another important step towards the start of production at the Dannemora iron ore mine. Along with the agreement with Salzgitter, this means that we have now signed agreements for more than one third of our iron ore in full production. I t also means that we have secured our sales for all of our production in 2012," says Staffan Bennerdt, CEO.
ThyssenKrupp is a listed, diversified German industrial group. It has around 180,000 employees in 80 countries. ThyssenKrupp Steel Europe is part of its Materials division that also handles the procurement for Hüttenwerke Mannesmann HKM. ThyssenKrupp Steel Europe has more than 29,000 employees and produces more than 13 million tons of raw steel every year. The Steel Europe Business Area is focused on the attractive and fast-growing market for premium flat carbon steel. Its capabilities range from intelligent material solutions, product specific processing and comprehensive service to finished steel parts and assemblies. Steel Europe serves a broad spectrum of steel-processing industries, including the automotive, construction, appliance and energy sectors.