Northland Appoints Banks for Project Financing
Northland Resources S.A. (Northland) (TSX:NAU)(FRANKFURT:NBS)(OSLO:NAUR)reported that the Company has appointed and retained leading global mining finance and investment banks – Société Générale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project.
The press release is quoted as saying:
The Kaunisvaara Iron Concentrate Project contemplates the staged development of 3 magnetite iron ore deposits – Tapuli, Sahavaara and Pellivuoma – that would provide feed to a single, multi-line processing facility in Sweden, producing up to 5 Mtpa of a high-grade, high-quality magnetite iron concentrate.
Click here to access the entire press release
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Mon, Mar 1, 2010
Post by Mike Rodger, Iron Reporter