NAU timetableNorthland just released the Q3 report and management discussion. The following a summary of what we can expect as we move forwards.
Q4 2010
- Outcome of the creditcommittee handling in the lead banks contributing to USDm 400 in bankloans.
- FileHannukainen Mining District Application
Q1 2011
- January: Start DFS Hannukainen
- January: Start construction Tapuli
- Secure the key contracts for the long-leaditems, and finalizing the major contract for the civil construction
- Drilling Pellivuoma
- Sign/conclude financing agreements Stemcor,SB and Caterpillar.
- March: Complete DFS for the entire logisticschain
Q2 2011
- June: Majority oflarge (key construction) contractsexpected to be in place
Q3 2011
- September: Complete Pellivuoma DFS
Q4 2011
- December:Complete Hannukainen DFS
- (???) Result from environmental permitSahavaara
Exploration also continues in several areasin 2011, see Q3 MD page 8-9. According to the report, there are promising results from mapping and drilling in 2010 that warrant furtherexploration.
Q4 2012
- Start production Kaunsivaara -first ore ore Q1 2013.
2014
- Start production Hannukainen