Tschudi divests Sydvaranger to Tacora Resources Inc.

OSLO, NORWAY, January 14, 2021

The Tschudi Group today announced that it has completed the sale of Sydvaranger Mining AS and its subsidiaries, an iron ore mine and processing plant located in Sør-Varanger, Norway to Tacora Resources Inc - a US/Canadian-based iron ore mining and mineral processing company focused on high-grade iron ore commodities.

The Tschudi Group will remain involved in Sydvaranger via an ownership in Tacora.

Tacora recommenced operations after five years closure in June 2019 at the Scully Mine, a 6 million tonne per year iron ore concentrate producer, after its acquisition of the mine in 2017.

Read the full News Release here.

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