April 5, 2018 - Assignment

Restart of the mine in Kaunisvaara

Kaunis Iron took over the mine in Tapulivuoma near Kaunisvaara in Pajala municipality, previously held by Northland Resources, in 2017. The mining production is expected to restart during the summer of 2018, and certain elements of the operations will be outsourced. To this effect, Kaunis Iron has entered into an agreement regarding the concentrate production in the mine with GISAB Gällivare Industriservice AB, a subsidiary of the industry group Axel Johnson International.

Mannheimer Swartling acted as legal adviser to Axel Johnson International and GISAB.