Grängesberg Iron AB
A recent Pre-Feasibility Study confirms the robustness and profitability of the Grängesberg iron ore mine project. With one of Europe’s biggest homogenous iron ore deposits, and a very clear potential with the orebody being open to the depth, together with an excellent infrastructure available, the Grängesberg mine project is now working towards a start of production in late 2015.
Grängesberg Iron AB plans to re-open the historic Grängesberg mine to make it a profitable iron ore producer for delivering more than 2.5 Mt high-quality iron ore products per year, primarily to the European and Middle East markets. Due to the massive amount of ore products to be transported, good railway transportation is of crucial importance in iron ore mine projects. Grängesberg has an existing marshalling yard adjacent to the planned industrial area, with connection to a working railway line down to the coast, 250 kilometres from the mine. The line is connected with the Port of Oxelösund, which has excellent capabilities for handling and shiploading of iron ore products. The port has Panamax class capacity today, with a potential for Cape size vessels.
Two product scenarios are now being evaluated: 70% Fe iron ore concentrate, “pellet feed”, or with the construction of a pelletizing plant, production of high quality 68% Fe blast furnace iron ore pellets.