Brief: Nordic Iron Ore Announces Positive Outcome Of The Blötberget Feasibility Study

Nordic Iron Ore AB

02/10/2019 09:03

Oct 2 (Reuters) - Nordic Iron Ore AB  NIO.ST :
    * ANNOUNCES POSITIVE OUTCOME OF THE BLÖTBERGET FEASIBILITY
STUDY
    * STUDY SHOWS THAT CONDITIONS ARE IN PLACE FOR A PROFITABLE
MINING
OPERATION
    * AS A CONSEQUENCE OF STUDY, PARTS OF MINERAL RESOURCES CAN
NOW BE
CLASSIFIED AS MINERAL RESERVES
    * MAIN PURPOSE OF FEASIBILITY STUDY IS TO QUALIFY PROJECT
FOR
CONSTRUCTION FINANCING
    * FEASIBILITY STUDY SHOWS, AMONG OTHER THINGS, FOLLOWING: 
AN
ANNUAL OPERATING PROFIT (EBITDA) OF APPROXIMATELY USD 63 MILLION
(SEK 596 MILLION) AT FULL OPERATION
    * FEASIBILITY STUDY SHOWS, AMONG OTHER THINGS, FOLLOWING
OPERATING
MARGIN (EBITDA) OF USD 702 MILLION (SEK 6,640 MILLION)
    * FEASIBILITY STUDY SHOWS, AMONG OTHER THINGS, FOLLOWING:
OPERATING MARGIN (EBITDA) OF 44%.

Source text for Eikon:  ID:nWkr5PQ0tb 
Further company coverage:  NIO.ST 

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