ABB supplies hoist system

4/28/2011, 11:15 AM (Source: GlobeNewswire)
Dannemora Mineral has signed a contract with ABB for the delivery, installation
and commissioning of  a new hoist system for the Dannemora Mine.  The system is
one of the key components in the completion of the Dannemora mine and will
transport the ore from a depth of almost 600 metres up to the head frame. From
there the ore will be transported to the sorting plant on conveyor belts. The
capacity is around 500 tonnes per hour and it will be operational 24 hours a
day, 7 days a week.

 "ABB's business unit Mining in Sweden is the most experienced supplier of hoist
systems to the mining industry," says Staffan Bennerdt, President and CEO of
Dannemora Mineral. "The lead times for this type of equipment are long and we
have selected ABB on the basis of their expertise and experience to deliver,
install and commission the plant within the tight time frames set for this part
of the investment project."

The hoist system is projected for an annual capacity of 3.3 million tonnes of
crude ore from the mine. This means the capacity will exceed the production
capacity of 2.5 million tonnes of crude ore stated in the feasibility study, and
the system is expected to be operational by autumn 2013.

ABB's business unit Mining in Sweden has delivered more than 600 systems to
around 30 countries over the years. The contract for the delivery, installation
and commissioning is worth about SEK 65 million, while the entire investment for
the hoist system, including construction work in the head frame and preparation
of the underground areas, amounts to approx. SEK 95 million.

The Press Release can be downoaded from the link below

Press Release 28 April 2011:

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Dannemora Mineral AB via Thomson Reuters ONE

Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.