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GRANGEX forms strategic partnership with Anglo American to restart Sydvaranger operations.
Dec 29, 2025•6 months ago
Contract Type
partnership
MiningMineralMining Technology
Description
GRANGEX AB has announced a strategic commercial partnership with Anglo American to support the restart of operations at its Sydvaranger mine. The agreement includes the relinquishment of a US$37 million royalty and US$5 million in bridge financing from Anglo American.
Company Information
Company
GRANGEX AB
About
GRANGEX AB is a public company focused on mining operations. The company is working to restart its operations at the Sydvaranger mine in Kirkenes, Northern Norway. It aims to produce high-grade magnetite concentrate for the global steel industry. GRANGEX is committed to sustainable practices and innovative solutions in mining.
