Northland Announces Fixed Date for Loading of its First Vessel

Northland Announces Fixed Date for Loading of its First Vessel 
LUXEMBOURG, LUXEMBOURG -- (Marketwire) -- 01/30/13 -- Northland
("Northland" or the "Company") announces that the Company will start
loading its first vessel on February 9, 2013, for further shipment to
end customer and partner Tata Steel UK Limited ("Tata Steel"). 
Northland's first shipment from the Port of Narvik is now fixed for
loading of 40,000 tonnes of high grade iron ore concentrate for a
customer in Europe. Loading is expected to commence on the February
9, 2013. The results of analyses to date confirm that the quality
produced is meeting the specifications, with Fe-content above the
expected 69%. The cargo will be shipped by MV Star Norita to Tata
Steel in the Netherlands where the product will be used in their
pellet plant. 
Tata Steel, established in 1907, is one of the largest global steel
companies with a crude steel capacity of over 28 million tonnes per
annum (mtpa). It is now one of the world's most geographically
diversified steel producers, with operations in 26 countries and a
commercial presence in over 50 countries. 
The first shipment to Tata will be followed by regular shipments to
customers in Europe, the Middle East and the Far East. Total
shipments in 2013 are expected to amount to 1.5 million tonnes
increasing to a rate of about 4 million tonnes per year, or 350,000
tonnes per month, by the third quarter of 2014.  
Karl-Axel Waplan, President & CEO, Northland Resources S.A. 
Northland is a producer of iron ore concentrate, with a portfolio of
production, development and exploration mines and projects in
northern Sweden and Finland. The first construction phase of the
Kaunisvaara project is complete and production ramp-up started in
November 2012. The Company expects to produce high-grade,
high-quality magnetite iron concentrate in Kaunisvaara, Sweden, where
the Company expects to exploit two magnetite iron ore deposits,
Tapuli and Sahavaara. Northland has entered into off-take contracts
with three partners for the entire production from the Kaunisvaara
project over the next seven to ten years. The Company is also
preparing a Definitive Feasibility Study ("DFS") for its Hannukainen
 Oxide Copper Gold ("IOCG") project in Kolari, northern Finland
and for the Pellivuoma deposit, which is located 15 km from the
Kaunisvaara processing plant.
Northland Resources S.A.
Karl-Axel Waplan
President and CEO
+46 705 104 239 
Northland Resources S.A.
Peder Zetterberg
Acting CFO
+46 708 652 120 
Northland Resources S.A.
Anders Antonsson
Vice President - Investor Relations
+46 709 994 970
Press spacebar to pause and continue. Press esc to stop.