Sierra Leone woos miners to clean energy with $11 billion plan
Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.
Northland Resources (TSX: NAU) sees about twice as much cash flowing into its coffers once Kaunisvaara, its flagship iron-ore project in Sweden, reaches production in 2013.
The projected boost in part stems from reconsideration of the price Northland’s iron-ore pellets might command. “Northland has long been convinced that the market will highly value the high Fe-content (69%) and low levels of impurities (e.g. 1.1% SiO2 and 0.2% Al2O3) in its concentrate,” the iron-ore junior noted in a press release.
