Sydvaranger Succeeds in Securing a Partner; Progressing Towards a Restart of Operations
Sydvaranger AS is pleased to announce that it has closed a financing with Orion Mine Finance, which is Orion’s first step in supporting the continued development of the Sydvaranger iron project toward a restart of operations during 2019. Contingent upon final permitting with satisfactory terms being received soon and subject to the final approval of Orion’s Investment Committee, Sydvaranger expects Orion’s increased involvement.
Sydvaranger Ramps-up Plans to Test the Mine Equipment and Production Line, Signals a New Chapter in Care and Maintenance Activities
Sydvaranger AS (“Sydvaranger”) is pleased to announce plans to ramp-up its care and maintenance activities during the next months to include a test program for running mining, rail and production line equipment. The program will stretch the activities across the Bjørnevatn and Kirkenes sites and simulate a short period of production operations.
Tschudi Group acquires the business of Sydvaranger Gruve
The Tschudi Group is very pleased to announce that they have reached an agreement for the acquisition of the business of Sydvaranger Gruve AS – the Sydvaranger iron ore mine. It is well known that all effort has been made by the Administrator and the main creditors to find solutions that could secure future operations at the plant in Kirkenes.