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Australian Company Moving Into the Big Iron Ore League in Sweden
Jun. 10, 2011 10:25AM PST
Base Metals Investing Mineweb reports that Scandinavian Resources Ltd. (ASX:SCR) has now acquired the Ekstromsberg and Tjarrojakka iron ore projects.
Mineweb reports that Scandinavian Resources Ltd. (ASX:SCR) has now acquired the Ekstromsberg and Tjarrojakka iron ore projects.
The market news is quoted as saying,
This includes large deposits, near the Kiruna mining and processing complex owned by LKAB, that Scandinavian acquired late last year from Anglo American Corporation and Rio Tinto, including the advanced Rakkuri project, only 3 km from Kiruna. LKAB’s Kiruna iron ore mine is one of the world’s largest underground mining operations.
Company Chairman Damien Hicks is quoted as saying,
It’s my opinion that SCR is now firmly entrenched in Europe’s number one iron mining district through its strategic land position and quality portfolio of iron resources.
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