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RULING REGARDING NORDIC IRON ORE'S APPROVAL OF EXTENDED WORKING HOURS FOR THE WATER OPERATIONS HAS NOW GAINED LEGAL EFFECT
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Råvaror |
| Industri | Gruvdrift & metaller |
In a judgment on 14 October 2024, the Land and Environment Court granted Nordic Iron Ore AB (the "Company") a prolonged work time for the water facilities until March 20, 2034 regarding the environmental permit for the mines at Blötberget and Håksberg.
In August 2023, Nordic Iron Ore AB (the "Company") applied for prolonged work time for the water facilities under the existing permit that the Company has had since 2014. In a judgment on 14 October 2024, the Land and Environment Court granted the Company a prolongation of the work time for the water facilities until March 20, 2034 regarding the existing environmental permit for the mines at Blötberget and Håksberg. Based on the Company's projections and calculations, the court has decided a new financial set off to the reclamation fund, which has now been set at approx. SEK 210m from the previous approx. SEK 53m, thus an increase of SEK 147m. The ruling has now gained legal effect.
"-It is very gratifying that the ruling now has gained legal effect and we have received approval for our application for prolongation of the work time for the water facilities and can therefore continue according to our plan to activate the permit and start construction work in the fourth quarter of 2025." says Ronne Hamerslag, CEO