Nordic Mining chases iron oxide

摘要

A DEAL WHICH would see Nordic Mining ASA, Oslo, Norway take over iron oxide producer, Rana Gruber AS, Mo i Rana, Norway has progressed beyond the Letter of Intent stage and could potentially see completion in mid-January 2007. Nordic Mining entered into a Letter of Intent with Rana Gruber on 20 November 2006, which Dr Frank Priesemann, manager business and market development, Rana Gruber told 1M finished on 10 December. Discussions within both companies have been taking place to clarify the finer points of the deal.