Dannemora Magnetit is a wholly-owned subsidiary of Dannemora Mineral AB. The company’s primary aim is the operations in the Dannemora iron ore mine and achieve sound long-term profitability.
Dannemora mine is situated in Östhammar municipality, approximately 40 km north of Uppsala and 35 km west of Hargshamn from where ore shipment will take place. The nearest populated area is Österbybruk (pop. 2,000) which is situated some 2 km east of the mine. Dannemora is a site which bears the mark of many centuries of mining and ore processing.
At the time of writing (2010), Dannemora Magnetit AB has eight permanent employees at the mine office in Dannemora (managing director, exploration manager, project coordinator and five mining geologists).