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Northern Iron Limited (NFE)
is a publicly listed company on the Australian Securities Exchange (ASX).
General Overview
Northern Iron Company Overview
Northern Iron is an Australian Stock Exchange listed company which is the 100% owner of Sydvaranger Iron Project in northern Norway. The Sydvaranger project uses world class mining, rail, processing and port assets to produce and export high quality iron ore concentrate to steel industry customers worldwide. Product from the project currently contains iron ore content of approximately 68.05% and silica content of <.5.0%. Existing reserves offer a 25+ year mine life.
Northern Iron is also currently evaluating the projects with potential to expand the production capacity of the Sydvaranger operations, increase the resource base and further improve product quality.
Corporate Profile
Northern Iron is an Australian company headquartered in Perth which was formed to acquire the Sydvaranger Iron Project in northern Norway. Having successfully redeveloped the Sydvaranger Iron Project, production of magnetite iron concentrate commenced in late 2009 and in 2014, the operations have grown to achieve concentrate production of 2.4 Mt (dry) whilst maintaining a product quality of approximately 68% Fe
The Sydvaranger Iron Project encompasses four magnetite deposits with JORC compliant resources (Bjørnevatn, Fisketind Øst, Kjellmannsåsen and and Tverrdalen), a further 20 prospects with known iron mineralisation, several of which have been mined previously; and world class mining and processing infrastructure assets to meet the production requirements of the project.
Since the commencement of operations in 2009 until the end of 2014, production has increased to approximately 2.4 million tonnes (dry) of iron ore concentrate per year, and the quality has improved to 68% iron content. The Company is under constant development, and projects for further production increases and quality improvements have been implemented. The team at Sydvaranger Gruve AS are determined continually improve performance in all aspects of the business, acknowledging that future success will be underpinned by focusing on the following key strategic drivers:
- Safety, Health & Environment
- Productivity
- Reliability
- Competence and culture
- Sustainability
Projects
The Sydvaranger Iron Project
The Sydvaranger Iron Project consists of four magnetite iron deposits with JORC compliant resources (Kjellmannsåsen, Fisketind Øst, Bjørnevatn and Tverrdalen) and a further 20 prospects with known iron mineralisation located over a 12km strike length.
Sydvaranger, which hs approximately 400 employees is located adjacent to the towns of Bjørnevatn and Kirkenes in Norway, approximately 1,500km north east of the capital, Oslo. The mine at Bjørnevatn is connected to a concentrator facility and port via a rail line to Kirkenes which is located 8km to the north on the northern coast of Norway, providing direct access to the Barents Sea.
After acquiring Sydvaranger in 2007, NFE refurbished the existing mine and processing infrastructure on site and recommenced concentrate production in October 2009.
Northern Iron is investigating the potential to expand the production capacity of the Sydvaranger operations, increase the resource base, and further improve product quality.
Website Links
Contact Info
Northern Iron Limited
Level 1
44 Ord Street
West Perth,
WA
Australia, 6005
Phone:
+61 8 9321 9334
Fax:
+61 8 9321 9335
Email:
reception@northerniron.com.au
Website:
http://www.northerniron.com.au
Share Registry
Computershare Investor Services Pty Limited -
Phone:
+61 3 9415 5000
Fax:
+61 3 9473 2500
Email:
investor.relations@computershare.com.au
Website:
http://www.computershare.com/
452 Johnston Street
Abbotsford, VIC
Australia, 3067
Important Information
The General Overview, Services, Products and Projects information for this profile was last edited on 10 Jun 2015.