Sydvaranger

Sydvaranger is an iron ore mining company nestled in the community of Sør-Varanger in Northern Norway. The company is currently undertaking significant mine engineering technical works and operational readiness preparations to underpin a robust long-term operation.

Sydvaranger produces a high performance, low energy magnetite iron ore concentrate from its mining and processing facilities which is in high demand from customers throughout Europe, the Middle East and Asia.  

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History

Sydvaranger has a long mining history. Mine inspector Tellef Dahll first discovered iron ore deposits in 1866, and in 1905 Christian A. Anker was granted a permit to mine in Sør-Varanger. German, Swedish and Norwegian private capital was invested in 1906, and the first load of iron ore was railed from the Bjørnevatn ore deposit to the town of Kirkenes in 1910. The towns of Kirkenes and Bjørnevatn both developed as a result of the mining operations. 
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News

November 30, 2023

GRANGEX enters into an agreement to acquire Sydvaranger Mining AS

GRANGEX AB (“Grangex”, “Purchaser”) today announces that it has executed a conditional sale and purchase agreement (“SPA”) with OMF Fund II H Ltd (“Orion”, “Seller”) for the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS (“Sydvaranger”) from Orion for a total consideration of USD 33 million.
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June 29, 2023

Sydvaranger enters a new fase in the investor process

GRANGEX AB (“Grangex”) today announces that it has entered into an exclusivity agreement with OMF Fund II H Ltd (“Orion”) for the purposes of negotiating final definitive documentation in relation to the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS (“Sydvaranger”) from Orion for a total consideration of USD 33 million.
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March 1, 2023

Sydvaranger Mining Announces the Transfer of Sydvaranger to Orion Mine Finance

Sydvaranger Mining AS (“Sydvaranger”) is pleased to announce that it was acquired by Orion Mine Finance (“Orion”) on 15th February 2023 from Tacora Resources. Orion, headquartered in New York, is one of the world’s largest mining-focused investment funds and been a financial partner involved in the project since 2018.
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Sydvaranger Industriområde, 9900 Kirkenes, Norway
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