Recent work | September 11, 2023
Roschier advised Cargill in an offtake agreement and the commitment to invest in Nordic Iron Ore AB (publ)
Cargill has entered into a SEK 35 billion offtake agreement and made a commitment to invest approx. SEK 307 million in Nordic Iron Ore AB (publ). Roschier advised Cargill connection with entering into the agreements.
International supply chain solutions provider Cargill’s multi-year SEK 35 billion offtake agreement with Nordic Iron Ore AB (publ) includes an agreement to buy 25 Mt high-grade iron ore concentrate from the Blötberget mine in Dalarna, Sweden. Cargill has further committed to invest a total of approx. SEK 307 million in Nordic Iron Ore through a directed share issue and subsequent capital investments on certain conditions.
Cargill’s metals business division connects iron ore miners around the world with steel mills in key markets and provide a broad range of services from technical marketing to customized risk management solutions along the supply chain including to end users of steel.