Mon, 09 Jul 2012 15:51:25 +0200

Nordic Iron Ore submits application to the Land- and Environment Court for the restart of Ludvika Mines

On July 6th Nordic Iron Ore submitted the environmental application to the Land- and Environment Court in Nacka, Stockholm county, for the restart of the mines in Blötberget and Håksberg with a production of about 2.5 million tons of concentrates per year.

- Having submitted this application we have passed a significant milestone on our way restarting Ludvika Mines. Once we have received the permit from the Land- and Environment Court, we can begin the major construction activities and drainage of the mines. Until then we shall conclude the definite feasibility study (DFS) says CEO Christer Lindqvist.

For further information, please contact:

Christer Lindqvist, President and CEO +46-240-88301

christer.lindqvist@nordicironore.se

About Nordic Iron Ore

Nordic Iron Ore Group is a mining company with the ambition to revive and develop the iron ore production of Ludvika Mines in Blötberget and Håksberg. The company also intends to expand its mineral resources, and upgrade them to the ore reserves, primarily through exploration and other studies of the connecting Väsman field. For more information, see www.nordicironore.se (http://www.nordicironore.se).

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