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Northland is a Canadian exploration and development company, operating in northern Sweden and Finland. Our vision is to become an emerging producer of high quality iron concentrate and other downstream iron products.
The Company is currently preparing a Feasibility Study on its Kaunisvaara Iron Concentrate Project, located in northern Sweden. A Preliminary Economic Assessment on the Project completed fall 2009 confirmed that the Project was technically feasible and economically robust. The Project contemplates that 3 of Northland's iron ore deposits will provide feed to a centralized processing facility, Kaunisvaara, and then to market. Production is forecast to commence in 2012 if goals are met to secure the necessary financing and permits for the project.
In addition to Kaunisvaara, we are also developing our Hannukainen/Kuervitikko Project in northern Finland. Hannukainen is a former producing mine located near a rail line at Kolari. Northland is updating the resource statement at Hannukainen/Kuervitikko and is preparing a Preliminary Economic Assessment on the Project, due to be released in Q2 2010. Northland has commenced preliminary discussions with Kobe Steel Ltd. of Japan and Midrex Technologies Inc. regarding the integration of Kobe's ITmk3(r) iron making technology into the development of Hannukainen/Kuervitikko. The ITmk3(r) process produces Iron Nuggets from iron concentrates. Our operations in Finland are managed by Bill Wagener, who has a long experience working for Arco Coal Australia, which produced 20-million tonnes of coal per year.
Northland's shares trade on the Toronto Stock Exchange and the Oslo Børs.
The Company is currently preparing a Feasibility Study on its Kaunisvaara Iron Concentrate Project, located in northern Sweden. A Preliminary Economic Assessment on the Project completed fall 2009 confirmed that the Project was technically feasible and economically robust. The Project contemplates that 3 of Northland's iron ore deposits will provide feed to a centralized processing facility, Kaunisvaara, and then to market. Production is forecast to commence in 2012 if goals are met to secure the necessary financing and permits for the project.
In addition to Kaunisvaara, we are also developing our Hannukainen/Kuervitikko Project in northern Finland. Hannukainen is a former producing mine located near a rail line at Kolari. Northland is updating the resource statement at Hannukainen/Kuervitikko and is preparing a Preliminary Economic Assessment on the Project, due to be released in Q2 2010. Northland has commenced preliminary discussions with Kobe Steel Ltd. of Japan and Midrex Technologies Inc. regarding the integration of Kobe's ITmk3(r) iron making technology into the development of Hannukainen/Kuervitikko. The ITmk3(r) process produces Iron Nuggets from iron concentrates. Our operations in Finland are managed by Bill Wagener, who has a long experience working for Arco Coal Australia, which produced 20-million tonnes of coal per year.
Northland's shares trade on the Toronto Stock Exchange and the Oslo Børs.
