Nussir to sell 100% of first ten years mine copper concentrate production to German smelter Aurubis AG

This week, Norwegian copper mining company Nussir ASA entered into a memorandum of understanding for the sale of the full copper concentrate production for the first ten years from the Nussir mine in Finnmark, with an option to extend.

Nussir said the German smelter Aurubis AG “won the fierce competition based on having the best commercial conditions, its financial solidity, and its focus on environment factors.” Aurubis is among the world’s largest copper smelters and is headquartered in Hamburg. It emphasises the importance of moving towards the “green” economy, with a clean production cycle and encourages recycling of copper.

“We are very pleased with our planned association with Aurubis and the terms fully recognise the high quality of the concentrate to be produced by Nussir. This is a positive step forward towards the financing of the development of the mine and in creating a new significant European copper producer. As part of the agreement Aurubis appreciates and valued Nussir’s plan for fully electrified production without any CO2 emission,” says CEO Øystein Rushfeldt.