Australian junior picks up Swedish iron-magnetite projects from Rio, Anglo American

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.

To access the whole editorial, click here.