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Australian junior picks up Swedish iron-magnetite projects from Rio, Anglo American
Nov. 15, 2010 04:58AM PST
Base Metals Investing Mineweb.com reports that Scandinavian Resources (ASX:SCR) announced itself as a Iron Ore player in Sweden by acquiring the Rakkuri project
Mineweb.com reports that Scandinavian Resources (ASX:SCR) announced itself as a Iron Ore player in Sweden by acquiring the Rakkuri project.
The editorial is quoted as saying:
The Rakkuri project is about 3 kilometres from Europe’s largest iron mine, the 2 billion tonne Kiirunavaara mine owned by LKAB and it contains an inferred resource of 87.7 million tonnes of magnetite ore grading 33.2% Fe.