There are large magnetite (iron ore) deposits in this area; Northland Resources began constructing the first mine in December 2011.[1][2] Ore production was expected to begin in 2012,[3] with annual iron ore production reaching 12 million tonnes by 2014. Reserves are estimated at 176 million tonnes.[1] The mine went bankrupt in October 2014 because of low iron ore prices and high debts.
Historyedit
In 2009, archaeologists commissioned by Northland Resources found evidence of stone-age settlements, dated to 9300BCE, in the area; this has shed new light on the timeline of deglaciation and human settlement in northern Europe.[4]
Referencesedit
^ ab"Northland Resources breaks ground for Kaunisvaara project". Retrieved 2011-07-06.
^. Archived from the original on October 23, 2011. Retrieved 2011-07-05.
^"Northland finalises Cat/Bucyrus fleet for Kaunisvaara". International Mining. Retrieved 2011-07-05.
^. Archived from the original on 2012-01-19. Retrieved 2011-07-05.
kaunisvaara, village, northern, sweden, pajala, municipality, north, arctic, circle, mining, editmain, article, mine, there, large, magnetite, iron, deposits, this, area, northland, resources, began, constructing, first, mine, december, 2011, production, expec. Kaunisvaara is a village in northern Sweden in Pajala Municipality 100 km north of the Arctic Circle Mining editMain article Kaunisvaara mine There are large magnetite iron ore deposits in this area Northland Resources began constructing the first mine in December 2011 1 2 Ore production was expected to begin in 2012 3 with annual iron ore production reaching 12 million tonnes by 2014 Reserves are estimated at 176 million tonnes 1 The mine went bankrupt in October 2014 because of low iron ore prices and high debts History editIn 2009 archaeologists commissioned by Northland Resources found evidence of stone age settlements dated to 9300BCE in the area this has shed new light on the timeline of deglaciation and human settlement in northern Europe 4 References edit a b Northland Resources breaks ground for Kaunisvaara project Retrieved 2011 07 06 Northland Kaunisvaara Tue Jul 5 2011 Archived from the original on October 23 2011 Retrieved 2011 07 05 Northland finalises Cat Bucyrus fleet for Kaunisvaara International Mining Retrieved 2011 07 05 Drygt 11000 ar gammal boplats invid inlandsisen NLL Archived from the original on 2012 01 19 Retrieved 2011 07 05 67 23 N 23 21 E 67 383 N 23 350 E 67 383 23 350 Retrieved from https en wikipedia org w index php title Kaunisvaara amp oldid 1035730709, wikipedia, wiki, book, books, library,
