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.

Mr Staffan Bennerdt President and CEO said "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."

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.