IGE has renegotiated the Ghana Gold acquisition with Alluvia Mining

Reference is made to the stock exchange release dated 3 July 2013 where IGE informed that discussions were ongoing regarding a renegotiation, including a possible partial or full reversal, of the previous notified acquisition of Ghana Gold AB.

IGE has now come to an agreement with Alluvia Mining Ltd. to annul and terminate the proposed acquisition and how to reverse the transaction.


Sandvik comments the Administrative Court of Appeal's ruling

In 2005, Sandvik AB implemented a reorganization of ownership and management of intellectual property rights. All Swedish-owned patents and trademarks were transferred to Sandvik Intellectual Property AB (IP Company).

The reasons for this reorganization were the need to gather the activities relating to intellectual property rights into one company to highlight the considerable worth of the intellectual property rights and to gain operational advantages. This reorganization subsequently gave rise to two legal cases relating to taxation – one concerning Sandvik AB and one concerning the IP company. These have been considered in a coordinated action by the Administrative Court and the Administrative Court of Appeal.


Atlas Copco first-quarter report 2013 - Commented by Ronnie Leten

Solid demand for service, weaker for equipment

  • Order intake decreased to MSEK 21 008 (24 827), organic decline of 11%
  • Revenues decreased to MSEK 20 227 (22 254), organic decline of 5%
  • Operating profit decreased by 10% to MSEK 4 156 (4 614)Profit before tax amounted to MSEK 4 045 (4 494)
  • Profit for the period was MSEK 2 988 (3 409)
  • Basic earnings per share were SEK 2.46 (2.81)
  • Operating cash flow at MSEK 1 628 (1 441)

Atlas Copco today reported a stable order level compared with the previous three months, and said near-term demand is expected to remain at the current level.


Dannemora Mineral AB: Interim Report January-March - Management Changes

First quarter 2013

  • Net sales amounted to SEK 88.6 (0.8) million
  • Earnings per share amounted to SEK -8.71 (-0.03)
  • Cash flow was SEK -103.8 (-243.0) million
  • 189 kt of finished products were delivered
  • A rights issue of SEK 211 million was adopted at the EGM on 13 March
  • An update of the mineral reserve showed a total reserve of 34.0 mt
  • Ralf Nordén was appointed ordinary CEO from 15 June 2013
  • Exploration activities and exploration permits are grouped in the subsidiary Dannemora Iron Ore Development

Clarification of Dannemora's mineral reserve


An update of Dannemora's mineral reserve as at 25 February shows a total reserve of 34.0 million tonnes with an average grade of 34.5 percent Fe. This is a decline in tonnage compared with the previous estimate in December 2011, which was 35.1 million tonnes and 35.3 percent Fe.


Endomines: Exploration during 2012 has successfully replaced almost all the Ore reserve mined

Endomines is making a public announcement of its updated ore reserves and mineral resource estimates. The update represents the Pampalo production situation as at 31stDecember 2012.

"The Pampalo mine gold production in 2012 was 867 kg but the total contained gold in the Pampalo ore reserves was reduced only by 235 kg. This is the result of successful continuous mine site exploration which during 2012 nearly replaced the mined ore reserves" comments Markus Ekberg, CEO of Endomines.  

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