Sydvaranger

Sydvaranger is an iron ore mining company nestled in the community of Sør-Varanger in Northern Norway. The company is currently undertaking significant mine engineering technical works and operational readiness preparations to underpin a robust long-term operation.

Part of GRANGEX Group

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History

Sydvaranger has a long mining history. Mine inspector Tellef Dahll first discovered iron ore deposits in 1866, and in 1905 Christian A. Anker was granted a permit to mine in Sør-Varanger. German, Swedish and Norwegian private capital was invested in 1906, and the first load of iron ore was railed from the Bjørnevatn ore deposit to the town of Kirkenes in 1910. The towns of Kirkenes and Bjørnevatn both developed as a result of the mining operations.

News

September 16, 2024

GRANGEX announces completion of Optioneering Study for the restart of operations at the Sydvaranger Mine

May 8, 2024

GRANGEX executes offtake agreement with Anglo American

On 6 May 2024, GRANGEX announced that it had completed the acquisition of 100% of the share capital of Sydvaranger Mining AS from OMF Fund II H Ltd (“Orion”). Further to the above announcement, the Company is today pleased to announce that it has executed an offtake agreement (“Offtake Agreement”) with Anglo American.

May 6, 2024

GRANGEX completes acquisition of Sydvaranger Mining AS

GRANGEX is today pleased to announce that it has completed the acquisition of Sydvaranger. As a result of the acquisition, GRANGEX is today the 100% owner of both the Sydvaranger Mine and the 100% owner of its existing Dannemora Mine. GRANGEX’s stated strategy is to restart production of ultra-high-grade direct reduction magnetite concentrate at both mines and to become a leading supplier to the European and global steel industries as they undergo the current ‘green steel revolution’.‍