Synch is proud to have served as the legal advisor in Grangex's acquisition of Sydvaranger Mining AS, marking a significant milestone in advancing the "green steel revolution". This pivotal step underscores Grangex's commitment to emerging as a premier supplier in the global market.
I thank the entire Grangex management team as well as our advisors for their hard work and commitment in completing this transaction, says Christer Lindqvist, Chief Executive Officer of Grangex.
The European and global steel industries are undergoing a fundamental shift away from blast furnace steelmaking driven by a requirement to reduce CO2 emissions and reach broader sustainability targets. Grangex is today the sole owner of both the Sydvaranger Mine and Dannemora Mine. Grangex's strategy is to restart ultra-high-grade direct reduction magnetite concentrate production at both mines to meet global demands.
'This aligns with our commitment to a better world regardless if it's in core mining operations or a technological startup. Being part of this dedicated team was inspiring and uplifting, comments Jim Runsten, CEO at Synch.
Synch's team consisted of Olof Hultén, Stefan Rakovic, Cecilia McMeel, Emma Lindberg, Andreas Börjesson, and Jim Runsten.
GRANGEX AB (publ)
Grangex is a sustainable mineral development company headquartered in Stockholm, Sweden. Grangex is listed on the Nordic Growth Market Nordic SME Exchange. Grangex seeks to identify, acquire, and develop strategic mineral assets that enable the global energy transition.
Anglo American plc
Anglo American is a British multinational mining company with headquarters in London, United Kingdom. Anglo American has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Synch
Synch is a business-oriented law firm with innovation and technology at its heart. Our mission is to bring calm to any legal question, no matter the challenge. We do this by providing advisory services and packaged solutions that make the best use of technology. With true passion and dedication, we help our clients on their entire journey – from start to exit and beyond.
