Northern Iron Subsidiary Inks Offtake Deal With Tata Steel

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.

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