Northland Signs Mobile Mining Equipment Maintenance Agreement
Luxembourg, April 12, 2012 - Northland Resources S.A. (TSX: NAU, OSE: NAUR,
Frankfurt: NPK - "Northland" or the "Company") is pleased to announce that Pon
Equipment will be responsible for the maintenance of the Caterpillar equipment
to be used at Northland's Kaunisvaara project.
Northland will hold a press conference at Näringslivets hus, in Stockholm,
Sweden, at 13.00 CET, April 12, 2012. Karl-Axel Waplan, President & CEO of
Northland, together with Thomas Smith, Chairman Pon Equipment AB, will present
the maintenance agreement. To participate, please register by emailing to Petter
Brunnberg, Investor Relations (firstname.lastname@example.org). Sandwiches will be
served from 12.30.
The agreement with Pon Equipment comprises maintenance, repairs and service on
the 23 machines that will be delivered from the second quarter of 2012 until
fourth quarter 2014. The fleet consists of haul trucks, mining shovels, track
dozers, wheel loaders and motor graders.
"Reliable mine mobile equipment is key to a productive operation. With the
purchase agreement signed in March 2011, we expect full support and commitment
from Pon Equipment," said Peter Pernlöf, COO and VP - Procurement and Energy at
Northland. "Pon Equipment has the experience and service capability that
Northland needs for this project. We are pleased that the agreement is in place
as production is scheduled to begin in the fourth quarter of 2012."
The contract will be in effect for five years from Northland's acceptance of the
"We are pleased to be partner with Northland in supplying and taking full
responsibility for maintaining their entire fleet of loading, hauling and
support equipment", said Mr Thomas Smith, VP of Pon Mining and Chairman of Pon
Equipment AB. "With this long term agreement and our recently announced SEK 100
million investment in a Component Rebuild Center in Boden, we are confident that
we have the right resources to secure Northlands requirements for an optimized
loading and hauling operation".
President & CEO, Northland Resources S.A.
For more information, please contact:
Karl-Axel Waplan, President and CEO: +46 705 104 239
Peter Pernlöf, COO and VP - Procurement and Energy: +46 70 220 27 00
Peder Zetterberg, Acting CFO, +46 708 652 120
Anders Antonsson, Vice President - Investor Relations: +46 709 994 970
Marguerite Manshreck-Head, Investors Relations, Canada: +1 647 224 7882
Or visit our website: www.northland.eu
Northland is a development-stage mining company with a portfolio of iron ore
projects in northern Sweden and Finland. The Company's Kaunisvaara Project will
exploit two magnetite iron ore deposits in Sweden. The process is expected to
yield a high-grade, high-quality magnetite iron concentrate. The construction of
the Kaunisvaara project is well underway and production is planned to start in
the fourth quarter of 2012. Northland has entered into industrial off-take
contracts for the entire production from Kaunisvaara. The Company is also
preparing a Definitive Feasibility Study for its Hannukainen Iron Oxide Copper
Gold Project in Kolari, northern Finland.
Pon Mining Division is part of the Pon Equipment group that is the exclusive
distributor of Caterpillar mining and construction equipment in Sweden, Norway,
Denmark and the Netherlands and covers everything in the building &
construction, industrial and mining activities. For further information, see
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.