Northland Resources Comments on Infrastructure Discussions
17 3월 2008 - 9:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (FRANKFURT: NBS)(OSLO: NAUR), is
pleased to provide an update on recent discussions with the rail
and port authorities in Sweden, Finland and Norway.
A number of newspaper articles published in Scandinavia and
Finland have recently commented on the Company's proposed plans to
eventually ship up to 13 million tonnes of iron ore per year from
its projects to ports in Sweden, Norway or Finland and Management
felt that it was appropriate to outline how the issue of
infrastructure is being addressed in its engineering studies.
Management has commissioned detailed studies of available
infrastructure using local and international consultancy firms and
governmental agencies, and planning is well underway to help the
Company determine the most cost effective transport options for
possible future iron ore production from its magnetite projects in
northern Sweden and Finland.
The Company's infrastructure studies are underway concurrent
with the scoping and pre-feasibility studies announced previously
(see news releases dated November 27, 2007 and February 1, 2008)
and will provide key inputs to the economic models being developed
for Northland's projects. Northland's projects benefit from mature
infrastructure including established rail and road networks,
sufficient electrical power and, to date, strong support from the
regional governments on both sides of the Sweden-Finland
border.
Rail Transport Options in Finland
There are 2 rail heads on the Finnish side of the border within
a few kilometers of Northland's Hannukainen project. These connect
to the "Kolari to Kemi" rail link which currently handles passenger
rail and timber products but has handled iron ore in the past.
Northland is co-sponsoring a rail study with the Finnish rail
authorities to examine the movement of up to 13 million tonnes per
year capacity over the Kolari-Kemi segment of the rail line. The
Kolari-Kemi rail haul is approximately 252 kilometers with the vast
majority of it in place and functioning. The study will detail the
current carrying capacity of the line and the costs to upgrade the
line to 6 million then 13 million tonnes per year.
The Finnish Rail Administration has already announced a plan to
upgrade the Kolari line; a decision that was apparently taken in
principle before anything was known about the potential
requirements of Northland's projects. They recently commented that
renewal of the surface structure of the line is scheduled to kick
off this coming summer at an estimated cost of around 84 million
Euros.
Northland's plans are focusing on fast-tracking the Tapuli
deposit near Pajala in Sweden into production first and the Company
is examining the feasibility of initially transporting the
estimated 3 million tonnes of production per year from Tapuli by
rail, slurry pipeline or overland conveyor to the existing Finnish
rail line for shipment to port.
Rail Transport Options in Sweden
In Sweden, Northland has engaged Railize International, a
Swedish rail transport consulting group to analyze the Swedish rail
requirements for transport of up to 13 million tonnes of ore per
year to port. Railize is taking an in-depth look at the feasibility
of various rail link options including transport by existing rail
links, including the Kolari to Kemi rail link, to Lulea or
Kalix-Storon ports in Sweden.
Railize is also looking at the feasibility of establishing a new
rail link between Kolari in Finland, via Svappavaara in Sweden,
connecting to the Gallivare (Malmberget) - Kiruna line to the Port
of Narvik in Norway. LKAB, the Swedish state-controlled iron ore
miner, currently ships much of its iron ore production from Narvik.
The Kaunisvaara to Narvik rail haul would be approximately 315
kilometers, with the majority already in place.
Port Options
Northland's senior management has also met with the port
authorities at a number of Swedish and Finnish ports on the Gulf of
Bothnia, and at Narvik in northern Norway.
The principal port options under consideration are Lulea in
Sweden, Kemi in Finland and Narvik in Norway. Northland is
co-sponsoring a dredging study with the Port of Lulea to provide
draft for Panamax-sized ships. A new port facility at Kalix-Storon
is being considered as a port to handle Panamax-sized vessels as
well.
The Port of Narvik is under consideration because it has the
advantage of being ice free and is able to handle ships of up to
Cape size. Narvik currently handles the bulk of LKAB's iron ore
exports. The port authorities there have identified 2 potential
sites to establish additional iron ore export facilities and
Northland will be continuing its discussions with the Narvik Port
Authority.
About Northland (www.northlandresourcesinc.com)
Northland is a well-structured, debt free junior exploration
company with a portfolio of high quality iron, gold, and base metal
exploration projects in Sweden and Finland.
ON BEHALF OF THE BOARD
Buck Morrow
NORTHLAND RESOURCES INC.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Northland Resources Inc. Buck Morrow President Toll
Free: 1-866-719-8962 Northland Resources Inc. Ralph Rushton
Investor Relations - North America Toll Free: 1-866-719-8962
Northland Resources Inc. Jonas Lundstrom European Contact +46 (70)
549 3338 Website: www.northlandresourcesinc.com
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