Nordic Mines starts installation of a cost efficient crushing function

PRESS RELEASE, 22 May 2013 (A translation from Swedish) Nordic Mines starts installation of a cost efficient and environmentally adapted crushing function for an increased throughput in accordance with the action plan. After a thorough investigation to find a cost efficient solution for a crushing function, the company has finally come to a conclusion how to design the solution...

PRESS RELEASE, 22 May 2013 (A translation from Swedish)

 

Nordic Mines starts installation of a cost efficient and environmentally adapted crushing function for an increased throughput in accordance with the action plan.

 

 

After a thorough investigation to find a cost efficient solution for a crushing function, the company has finally come to a conclusion how to design the solution. The solution includes an establishment of a crushing function in direct connection to the ore stock pile shed and the newly installed fifth feeder that feeds the ore forward into the processing plant. Due to the placement adjacent to the ore stock pile shed, the need for conveyers is minimized, which simplifies the function. Moreover, it will have a positive impact on the environment since the crushing function will get power from our switchgear and the dust control will be reduced by adding water from the adjacent water connection.

 

The crushing function pre-treats a portion of the material which comes from the primary crusher to smaller fractions before the ore is fed into the processing plant. After a number of test runs made to find the optimal composition of ore into the processing plant, the throughput has stabilized at a higher level.

 

In a first step, the company will outsource the crushing function to a supplier who will manage the crushing and invoice the company per crushed ore ton. In a next step, the company can bring the crushing in-house.

 

"Due to a comprehensive test program it has taken some time to come to a conclusion, but this crushing function solves many issues at the same time. The throughput has stabilized at a higher level. The costs for crushing, loading and hauling will be reduced quite instantly at the same time as the environment and the company's cash position is taken into account" says Thomas Cederborg, CEO, in a comment.

 

 

 

For further information, please contact:

Thomas Cederborg, CEO, +46 708 480 521

Susanne Andersson, CFO, +46 730 668 904

 

For further information regarding Nordic Mines, please connect to www.nordicmines.com

 

 

The information above has been made public in accordance with the Securities Market Act and/or Financial Instruments Trading Act. The information was published at 08.00 (CET) on May 22, 2013.

 

 

Nordic Mines is a Nordic mining and exploration company whose vision is to be one of the leading gold producers in the Nordics and Europe and a role model in respecting the environment. The company started mining gold in the Laiva mine in Finland in summer 2011. These gold deposits are among the largest in the Nordic region. Exploration is in progress in Finland and in Sweden. Nordic Mines was established 2005 and have more the 100 employees with head office in Uppsala, Sweden, The Nordic Mines share is traded on the Nasdaq OMX Small Cap list in Stockholm.

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