Nordic Iron Ore's application for prolonged work time for the water facilities is granted
The Land and Environment Court has today granted Nordic Iron Ore AB (the "Company") a prolonged work time for the water facilities until March 20, 2034 regarding the environmental permit for the mines at Blötberget and Håksberg.
In August 2023, Nordic Iron Ore AB (the "Company") applied for prolonged work time for the water facilities under the existing permit that the Company has had since 2014. The Land and Environment Court has today ruled its judgment to grant the Company a prolongation of the work time for the water facilities until March 20, 2034 regarding the existing environmental permit for the mines at Blötberget and Håksberg. Based on the Company's projections and calculations, the court has decided a new financial set off to the reclamation fund, which has now been set at approx. SEK 210m from the previous approx. SEK 53m, thus an increase of SEK 147m. The ruling can be appealed until 4th of November, 2024.
"-It is very gratifying that we have received approval for our application for prolongation of the work time for the water facilities and can therefore continue according to our plan to activate the permit and start construction work in the fourth quarter of 2025." says Ronne Hamerslag, CEO