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New head of Minelco Magnetite business area

With effect from 1 February 2011, Peter Mörtlund, formerly Managing Director of Minelco A/S, Greenland, has been appointed Manager of the Minelco Magnetite business area.

Peter will have a cross-functional responsibility for Minelco's global Magnetite business throughout the group and will remain based in Kiruna, Sweden as before.