Press release -
Favourable judgment – mine’s future assured
On the 1st of December, the Land and Environment Court granted Kaunis Iron a new expanded environmental permit. The judgment enables Kaunis Iron to start two new open pits, Sahavaara and Palotieva.
– This assures mining operations for the future and means that we can build in the long term, also for future generations, with prospecting for further new deposits, says Klas Dagertun, CEO of Kaunis Iron.
The Land and Environment Court announced its judgment yesterday, on the 1st of December. The decision is to grant Kaunis Iron the new, expanded permit, which enables two new open pits, Sahavaara and Palotieva.
The court writes in its decision:
”The Land and Environment Court has decided to grant Kaunis Iron’s application for a permit for existing and expanded operations at Tapuli, Sahavaara and Palotieva mines and Kaunisvaara concentration plant. The permit is valid for 35 years and covers the extraction of a maximum 10 million tonnes of iron ore per year, corresponding to approximately 4 million tonnes of iron ore concentrate.”
Klas Dagertun, CEO of Kaunis Iron:
– This is a joyful day – not only for us but also for Pajala and the region as a whole. It makes it possible for us to continue investing in our goal to deliver the world's most sustainable iron ore. It is also an important signal to Swedish business – it is possible to open new mines in Sweden today. Now of course we must examine in detail the judgment and all pertinent conditions, which may set considerable challenges.
The decision assures operations for the future, Dagertun adds:
– The judgment in the long term assures over 500 jobs here in Pajala, which is extremely significant. Furthermore it means that we can fulfil all our investment plans, which generate even more jobs for contractors in the region.
– Ultimately this gives us a time horizon of up to 20 years, which in turn means that we can secure new deposits for the next step. Our dream – to establish mining operations for future generations – is in other words not a utopia. We can now realise it. It feels fantastic, states Dagertun.
The Land and Environment Court says in its press release:
”The court, after examining all the material, has concluded that the application documentation and what has been presented in the main hearing and in correspondence, are sufficient to examine the application as to the substance. Kaunis Iron AB has on that basis shown that the operation can be permitted, however the court assesses that comprehensive and stringent conditions are nevertheless required.”
Åsa Allan, Deputy CEO, who participated in every day of the hearing in Pajala Folkets Hus, sees the decision as an acknowledgement of Kaunis Iron’s accepting responsibility:
– Through our application we have shown through the commitments we have made during the process that we can and will be able to run a mining operation at high environmental performance and stringent conditions. We have shown that we can take responsibility for mining operations. The judgment is testimony to this, which of course feels extremely rewarding.
In Pajala, 10 miles north of the Arctic Circle and in the middle of beautiful Tornedalen, you will find Kaunis Iron.
We are a new and modern mining company that mines iron ore, which we then refine and sell to the world market. Our unique iron ore concentrate, with its quality and environmental advantages, is already in high demand among the world's steel mills.
The aim is an annual production corresponding to 2.1 million tonnes of finished product.