Ralf Nordén became the new CEO of Dannemora Mineral in December
A private placement of convertible debt totalling SEK 136 million was conducted in October
Supply contracts were signed with SSI UK and ROGESA Roheisengesellschaft Saar
155 kt of finished products were delivered
Full year 2012
Net sales amounted to SEK 137.3 (3.1) million
Earnings per share amounted to SEK -16.13 ((-8.82)
Cash flow was SEK -471.1 (406.6) million
The sorting plant was commissioned in April and commercial production started
An update of the mineral reserve showed an increase of 6.9 mt to 35.1 mt, thereby increasing the mine`s life by approx. 2 years to a total of 15 years
A share issue in March brought the Company SEK 103.5 million
An action programme, aimed at increasing operational readiness and yield, was initiated
233 kt of finished products were delivered
Significant events after the end of the period
The Board of Dannemora Mineral has resolved, subject to approval by an extraordinary general meeting, to conduct a fully guaranteed rights issue of up to approx. SEK 211 million before issue costs
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Source: Dannemora Mineral AB via Thomson Reuters ONE