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Northern Iron Subsidiary Inks Offtake Deal With Tata Steel
Jul. 04, 2011 08:04AM PST
Base Metals Investing Mining Weekly reports Northern Iron’s (ASX:NFE) Norwegian subsidiary has signed a long-term offtake agreement with Tata Steel (NSE:TATASTEEL).
Mining Weekly reports Northern Iron’s (ASX:NFE) Norwegian subsidiary has signed a long-term offtake agreement with Tata Steel (NSE:TATASTEEL).
The market news is quoted as saying,
Sydvaranger would supply a minimum of 2.5-million tons of iron-ore from its mining operation in northern Norway over the five-year contract period, with a potential to extend this to around 5.5-million tons if quality improvements were achieved.