FINANCIAL REPORTS 2021
INTERIM REPORT Q3 - 2021
The green transformation of the steel industry that we now see accelerating starts in iron ore production. The European steel mills account for about 30% of the total carbon dioxide emissions in Europe. The need for high-quality iron ore is increasing all the time and we notice that there is great interest in the new Dannemora product. This is not surprising as there is a shortage of high grade iron ore concentrate and few mines can produce it. Add to that that we intend to produce Dannemora’s concentrate with the smallest possible carbon footprint, which will make it unique in the world.
HALF YEAR REPORT Q2 - 2021
The first half of the year was very eventful both in our projects and in the world around us. The green transition, which is a requirement for us to meet the climate goals set in the Paris Agreement, is a great opportunity for GRANGEX in the forced structural transformation it imposes on the steel industry. On August 6, the UN climate panel IPCC presented its latest report which accentuates the importance of an even faster transition to keep global warming below 1.5 degrees. In July, the European Commission came up with its legislative proposal, which is part of the EU’s plan, the EU Green Deal, to fulfill the Paris Agreement.
INTERIM REPORT Q1 - 2021
During the first quarter, the project studies for our two main projects started. In addition, after the end of the quarter, we have been able to report successful results from the beneficiation trials of the raw ore from Dannemora. The results have exceeded our high expectations – the tests carried out at SGS in Canada show that it is possible to produce a high-quality iron ore concentrate with 68 percent iron content with low impurities.