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NCC Construction Sweden Receives SEK 380 Million Contract Extension from LKAB

NCC Construction Sweden (STO:NCCA)(STO:NCCB) has extended an existing contract with LKAB concerning rock-engineering works at Malmberget. The works pertain to the new main level, the M1250, and the contract value is SEK 380 million.

Since 2006, NCC has been performing rock-engineering assignments at Malmberget for the new main level, the M1250, as well as certain preparatory works involving ore. The figures 1250 represent the number of meters under the former surface.

“We already have a contract with LKAB for the project at hand and the client has now shown us continued trust to complete the new main level, the M1250. The contract also includes preparatory works, meaning preparations for the mining of ore,” says Thomas Stenvall, NCC Construction, Norrland Region.

The volume of drift mining totals 22,500 meters. The assignment will start in January 2010 and is scheduled for completion in December 2012.

Since the project is a direct continuation of current assignments, it will not result in any new NCC employees being recruited at Malmberget. The order will be registered in the fourth quarter of 2009.

Source: http://www.ncc.se/

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