Sweden-based mining and exploration company Dannemora Mineral announced that it has signed an agreement with the global steel giant ArcelorMittal for the delivery of approximately 26,000 mt of iron ore. The iron ore is scheduled for shipment to ArcelorMittal's steel plant in Bremen, Germany during the fourth quarter of the current year.
According to Dannemora's statement, the new agreement should be seen as the beginning of a long-term contractual relationship between the parties.