Finnish company buys Northland’s Hannukainen iron ore deposit

Hannukainen Mining has bought the Hannukainen iron ore deposit from bankrupt Swedish miner Northland Resources, the new Finnish company told Steel First on Tuesday May 12.


Hannukainen Mining’s acquisition of the deposit in Kolari, northern Finland, was motivated by local economic concerns, amid the continued weakness in global iron ore prices.
”The new owners are from Lapland and wanted to carry their social responsibility by creating a new source of employment for people in the region,” Mari Pilventö, ceo of Hannukainen Mining said.

“We have the financing in place...

Published

Nina Nasman

May 12, 2015

14:51 GMT

London