Dannemora iron ore mine dry earlier than expected


               DANNEMORA IRON ORE MINE DRY EARLIER THAN EXPECTED




Draining of the Dannemora iron ore mine is now completed, which represents a
major step towards making the mine operational again. After eleven months of
preparations, the draining process began in May 2009. The water level is now
down to the planned 470-metre level, which means the project has finished just
over a month earlier than originally planned. A total of 3 million m(3) of water
has been pumped out.

The main levels at 350 and 460 metres are now accessible and this means that
preparations can start for the impending installation work.

The press release can be downloaded from the link below:



[HUG#1384683]


Attachments

Press Release 16 Feb 2010.pdf