GRANGEX AB(publ.)

Iron ore is one of the critical raw materials found in the #Arctic. A Swedish company GRANGEX AB(publ.) acquired iron ore mine in the North Norwegian town Kirkenes for US $1,5 million. With all the investments and infrastructure in place, "the biggest challenge is not technical issues – the mine and processing plant are in good shape – but rather issues of competence and people,” says Christer C. Lindqvist 📰 Read more in Arctic Business Journal #Arctic #mining

Join us in Vienna on June 24-26, 2024 for the Fastmarkets International Iron Ore & Green Steel Summit 2024 Conference. See you there! #FastmarketsIIO

Credit when its due A huge special thanks to the team at Synch for their expert advice, guidance, hard work and support in getting this complex transaction over the line. The team of Jim Runsten, Lord Olof Hultén, Stefan Rakovic, Cecilia McMeel, Emma Lindberg and Andreas Börjesson were a pleasure to work with and look forward to our continued relationship with the team. Best independent law firm in Sweden!

On Monday, May 6th, GRANGEX AB(publ.) announced the acquisition of the Sydvaranger mine in Kirknes. We have spent three fantastic days here, touring the mine and production plant, and, importantly, getting to know the excellent Sydvaranger team. I very much look forward being part of the journey to restart the mine. In the coming years, our products will play a significant role in the production of green steel, contributing to the much-needed green transition. https://lnkd.in/d5FYrufj

A truly fantastic day in Grangex history. We are following our consolidation strategy to be a coming reliable part of the green supply chain providing super grade concentrate for fossil free steel making. The link to this press conference from the process plant in Kirkenes is availible on Grangex web site

In connection with today's press release regarding GRANGEX acquisition of Sydvaranger Mining AS and its mine, a press meeting will be held today at the processing plant in Kirkenes, Norway, at 13.30 CET. The press conference will be broadcast live on video with the link. https://lnkd.in/dZtG4_Cw

Trots Sveriges avancerade försvarsindustri finns det även mindre fabriker som spelar en viktig roll i tillverkningen av vapenkomponenter. Intill den gamla gruvan i Sala, i en liten fabrik med sex anställda, tillverkas ammunitionstråd av bly. En påminnelse om att även små aktörer kan ha stor inverkan inom den militära industrin.

Det finns många anledningar för resten av Norden att kolla på Norduppland! Just nu sprudlar regionen av tillväxt för både gamla och nya bolag som tar stora kliv för framtidens energi och industri. Årets Disting utgjorde starten av satsningen på Norduppland. Hör vad några av dagens talare har att säga om energin som vi kan förvänta oss från regionen under de kommande åren. Stort tack till: Tomas Stavbom, regionchef Uppsala län, Stockholms Handelskammare Stefan Attefall, landshövding i Uppsala län Hanna Magnusson, vd, Skyborn Renewables Jenny Eriksson, hållbarhetschef, GRANGEX AB(publ.) Sara Sjödal (C), kommunstyrelsens ordförande i Tierp Andreas Hatzigeorgiou, PhD, vd, Stockholms Handelskammare Staffan Salén, ordförande, Stockholms Handelskammare Erik Pelling (S), kommunstyrelsens ordförande i Uppsala

We are pleased to announce that we have entered into a Royalty Agreement with Anglo American for part-funding the acquisition and for the future development and operation of the Sydvaranger Mine. Christer C. Lindqvist, Chief Executive Officer of GRANGEX, states: “This is a truly transformational transaction for Grangex. For the world to reach its sustainability targets, global steel making needs to adopt more environmentally responsible production methods. The development of high-quality Direct Reduction iron ore projects is at the heart of this ‘green steel revolution’ and Grangex remains committed to becoming a leading player in this sector." Read more about our collaboration and the next steps on this journey here: https://lnkd.in/dPtScTfF