Business expansion
Norge; Nord-Norge; Finnmark
Location of affected unit(s)
Mining / Quarrying
Mining And Quarrying
Mining Of Metal Ores
07 - Mining of metal ores

250 jobs
Number of planned job creations
Job creation
Announcement Date
15 September 2007
Employment effect (start)
1 May 2009
Foreseen end date


Sydvaranger Gruve, the owner of the Sydvaranger iron ore mine and associated infrastructure, has announced that it is to create approximately 250-300 jobs with the reopening of the mines at Sør-Varanger in Finnmark (in the North of Norway). The spokesman for Sydvaranger Gruve said that the company is expected to start production by May 2009. The company has filed for extraction license and expects all concessions to be in place within March 2008.

Sydvaranger Gruve closed down their mines ten years ago and in 2006 was acquired and financed by the Oslo-based Tschudi Shipping Company. In view of the company acquisition, Tschudi Shipping Company has established a holding company - Northern Iron Limited - together with external investors.


  • 14 December 2007: Dagens Næringsliv
  • 12 December 2007: Nordlys
  • 15 September 2007: Nordlys


Eurofound (2007), Sydvaranger Gruve, Business expansion in Norway, factsheet number 65841, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65841.