Nordic Iron will be a major Swedish producer of ultra high-grade iron ore concentrate for a market in transition to the green economy.
Nordic Iron will resume mining in the Ludvika region, starting with Blötberget, and then expand to nearby deposits. The company plans to build an environmentally friendly mine where electric power is used as much as possible.
Blötberget is the first deposit that Nordic Iron will process. Based on future profits, the company plans to invest in further expansion with mining in more nearby deposits. Thereafter, the aim is to evaluate other types of premium iron ore products, including pellets and sponge iron.
The green steel industry
Nordic Iron will produce an ultra-highly enriched iron ore concentrate with an expected average iron content of approximately 69%. All ore mining is planned to be underground, which means less impact on the ground surface. The mine's geographical location, with proximity to rail and Swedish ports, means that transportation to European steel mills will be relatively short - and thus more resource-efficient and environmentally beneficial.