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You find one of the world's richest yet most underexplored mining regions in the northern parts of Sweden. Sweden is in addition ranked 2nd in the world when it comes to suitability for mining investments. (Fraser Institute 2013) This is a presentation on investment opportunities in Mining in Northern Sweden.
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Regional Partner
2010
Investment opportunities in mining North Sweden
Swedish Mining - Mining history and brief info
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• One of the most mineralized and yet underexplored mining regions in the world
• Most effective mines in the world
• Free access to the world’s largest drill core archive and related services
• Europe’s dominating ore producer
Mining Industry in Sweden
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Cont. Mining Industry in Sweden
• Good cross border co-operation between Norway, Finland and Russia mining districts
• Local access to national and international mining institutions
• Skilled labor
• R&D at a competitive level
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Swedish mining history
• Sweden has a history of mining and metal refining stretching back more than a thousand years.
• The oldest Ltd. company in the world is the Swedish copper producer Stora Kopparberg
• The metal ore and other mineral resources, and knowledge about how to use them, have been major factors in building the prosperity that Sweden enjoys today
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Sweden leading producer of ores and metals in the EU
# 1 Producer of iron ore and lead
# 2 Producer of zinc and silver
# 3 Producer of copper and gold
Sweden has Europe’s most active
exploration and new mines are being opened
• In total; 54 mining concessions granted between 2003 and 2012
• 6 new mining concessions granted in 2012
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Sweden; 25%
Finland; 46%
Bulgaria; 26%
Others; 4%
Gold
Sweden; 18%
Poland 67%
Finland 4%
Others 11%
Silver
Sweden; 10%
Poland; 52%
Bulgaria; 14%
Others; 21%
Copper
Sweden; 24%
Ireland; 44%
Poland; 11%
Others; 21%
Zinc
Sweden; 31%
Poland; 24%
Ireland; 23%
Others; 23%
Lead
Sweden; 91%
Austria; 8% Germany
1%
Iron
(Source: Bergsverksstatistics 2012)
Sweden's share of production in the EU
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Contents of metals mined in Sweden
(Source: Bergsverksstatistics 2012)
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Production of gold and silver
(Source: Bergsverksstatistics 2012)
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Production of ores in Sweden 1900-2011
(Source: Bergsverksstatistics 2012)
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Production of ores in Sweden 1900-2020
(Source: SGU Jan Magnusson - Bergforsk May 2012)
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Mining in Sweden today
• Excellent mining infrastructure, with highly advanced mining and metallurgy R&D.
• Sophisticated technology with a high level of automatisation.
• Swedish mines are among the most efficient and profitable in the world.
• Mining industry is booming in Northern Scandinavia
• Some of the world’s most liberal mineral laws
Northern Sweden is Europe’s most mineralized area.
Photo: Atlas Copco
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Invest in mining in Sweden
• Fraser Institute ranked Sweden 2nd in the world when it comes to suitability for mining investments Said about Sweden in the ranking: “No hurdles, investment friendly, proactive. No corruption. Obvious law, clear processes, and regulations. Winner. No time wasting.” —An exploration company, Vice-president
“Mining culture and history, trained workforce, exceptional infrastructure, good regulatory processes, underexplored, known world class mineral deposits.” —An exploration company, Company president
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Future Investments until 2020 - European High North Total Investments rated AAA
124,867 Billion EURO
Of which mining investments are
17,371 Billion EURO
And oil and gas
39,300 Billion EURO
• Other investment areas in Sweden are:
Renewable Energy, Tourism, Trade and Transport Infrastructure
(Source : Lapland Chamber of Commerce 2012)
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Education and R&D
• Luleå University of Technology
– Sweden’s no.1 mining university with world-class research and education. www.ltu.se
Master Programs related to mining;
• Civil Engineering, with specialization in mining and Geotechnical Engineering
• Material Engineering
• Exploration and Environmental Geosciences
• Mining Research:
Soil Mechanics and Foundation Engineering
Rock Mechanics and Rock Engineering
Complab for material and structural testing
Environmental Research Lab for waste and rest material testing
Waste treatment
Landfill
Soil sanitation
Environment informatics
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Education and R&D
Nordic Mining School
The Nordic Mining School is a joint venture between the Universities in Luleå (Sweden) and Oulu (Finland). The excellent cooperation with the mining industry introduce students to all aspects of mining and metallurgy on site. http://nordicminingschool.eu
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In-house R&D in larger mining companies
R&D division limited within exploration/geology R&D, now ramping up.
Hitherto not focused on “exploration” but “ore characterization” R&D.
Focusing on R&D within “exploration”
• In Sweden direct funding from mining companies to universities in economic geology around 500 000 Euros/year
• In September 2012, the government announced an additional funding of 25 MEUR for R&D in Mining
Exploration
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Exploration permits in Sweden
Year New Extended
2010 174 214
2011 202 371
2012 182 258
TOTAL 558 843
• 64% of the total number of permits are in the North of Sweden
• 80% of the total area permitted is in the North of Sweden
(Source: Swedish Mining Directory Anual Report 2012 & Bergverksstatistik 2012)
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Claim certificates and exploration permits
(Source: Bergsverksstatistics 2012)
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Value of exploration
(Source: Bergsverksstatistics 2012)
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First hand choice mineral for exploration permits
2009 Dito, % 2008 2007
Fe 27 13 35 26
Cu 58 28 102 151
Au 33 16 37 56
Ag 2 1 3 8
Zn 16 8 23 14
Pb 2 1 14 9
Ni 6 3 7 19
Mo 3 1 10 17
W 1 0,5 4 4
Mn 2 1 3 0
Pt 1 0,5
Li 3 1
U 12 6 26 21
alum shale 17 8 9 2
nefelinsyenit 3 1
gas 19 9 2 0
diamond 3 1 1 6
Total 208 99 276 333
• In 2012 copper was the number one mineral for explorations permits. After that; gold, iron and zinc.
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Exploration permits
Company September 09 2011 December 31 2009
Number Permits Area (ha) Number Permits Area (ha)
Blackstone Nickel AB 15 38731 48 333 301
Shell Exploration and Production AB 1 965 3 256 939
Boliden Mineral AB 157 201075 150 210 030
Drake Resources Ltd 22 41284 27 65 256
Continental Precious Minerals Inc. 84 57650 82 64 295
Northland Resources AB+N Expl S AB 4 18046 14 56 974
Tethys Oil AB 2 56471 1 53 971
AB Igrene 37 147731 18 53 582
Norrsken Energy Ltd 3 12621 13 49 269
Luossavaara-Kiirunavaara AB 21 59212 21 49 174
Lappland Goldminers AB+LG Sorsele 41 58002 46 47 673
Aura Energy Ltd 24 37130 32 42 384
Wiking Mineral AB 37 15507 37 35 519
Teck Cominco Sweden Ltd 4 5629 16 26 962
Norrland Resources Ltd 4 18049 7 26 276
Beowulf Mining PLC 18 36713 16 32 941
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Company September 09 2011 December 31 2009
Number Permits Area (ha) Number Permits Area (ha)
Mawson Energi AB 26 26612 30 22 852
Metal Mines Sweden AB 14 23180 13 22 765
Dannemora Mineral AB 21 8940 27 22 362
Kupalo Holdings Ltd 1 2846 6 21 107
Eastern Highlands AB 6 10053 9 20 381
Hans A Resources Sweden AB 7 12668 12 20 327
Grängesberg Iron AB 14 9557 24 20 282
Viking Gold & Prospecting AB 4 7414 6 17 916
Botnia Exploration AB 33 16707 29 17 283
Mineralbolaget i Stockholm AB 20 7661 31 15 102
Nordic Mines AB 21 30524 7 15 016
Avalon Minerals Viscaria AB 16 69766 11 14 476
Tasmet AB 18 29116 11 13 818
Gunnarn Mining AB 21 14169 17 11 756
Nordic Iron Ore AB 19 9423 13 10 623
Exploration permits – cont.
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Exploration and mining companies in Västerbotten ABB Underground Mining Services Mining
Avalon Minerals, Australia Exploration
Arctic Gold Exploration
Botnia Exploration Exploration
Blackstone Ventures Exploration
Björkdalsgruvan/Elgin Mining, Canada Mining
Boliden Mining and metallurgy
Continental Precious Minerals, Canada Exploration
Dragon Mining , Australia Exploration and mining
Eurasian Minerals, USA Exploration
Euro Scandinavian Uranium Exploration
Geoforum Scandinavia Exploration
Gungnir Exploration, Canada Exploration
Horizon Blue Exploration
Lappland Goldminers Exploration and mining
Mawson Resources, Canada Exploration
Niili Mineral Exploration
Northland Resources Exploration
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Exploration and mining companies in Västerbotten - Cont.
IGE/Nickel Mountain, Sweden Exploration
Nordic Mines Exploration and Mining
Northfield Exploration/ Vilhelmina Minerals Exploration
Orex Minerals Exploration
Scandinavian Metals/ Metal Mines, Canada Exploration
Scandinavian Resources Ltd Exploration
SEQ Mining Exploration
Tertiary Minerals Exploration
Viking Gold, Australia Exploration
Wiking Mineral Exploration
Mining
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Mines in Sweden
New and granted applications for
mining concessions 2006 – 2012
2006 2007 2008 2009 2010 2011 2012
New applications 3 3 8 4 4 2 6
Granted applications 2 7 5 4 4 2 6
(Source: Bergverksstatistics and Geological Survey of Sweden)
Mines in Sweden 2012
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Mines in Finland
(Source: Geological Survey of Finland 2012)
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Mines in Norway
(Source: Geological Survey of Norway 2012)
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Operating mines in Sweden 2012 Mine Municipality Company Mineral Operating since
Kiirunavaara Kiruna Luossavaara-Kiirunavaara Fe 1860′s
Malmberget Gällivare Luossavaara-Kiirunavaara Fe 1820′s
Aitik Gällivare Boliden Mineral Cu Au Ag 1968
Björkdal Skellefteå Björkdalsgruvan Au 1989
Renström Skellefteå Boliden Mineral Cu Zn Pb Ag Au 1948
Maurliden Norsjö Boliden Mineral Zn Au Ag Cu Pb 2000
Blaiken 1) Sorsele Lappland Goldminers Zn Au Ag Pb 2006
Svärtträsk 1) Storuman Lappland Goldminers Zn Pb Ag 2006
Kristineberg Lycksele Boliden Mineral Cu Pb Zn Au Ag 1940
Svartliden Lycksele/Storuman Dragon Mining (Sweden) Au Ag 2004
Garpenberg Hedemora Boliden Mineral Cu Zn Au Ag Pb 13th Century
Lovisagruvan Lindesberg Lovisagruvan Zn Pb 1993, 2004
Zinkgruvan Askersund Zinkgruvan Mining Zn Pb Cu Ag Au Co Ni 18th Century
Vram Bjuv Höganäs Bjuf Fireclay 1797
Lunnom Bjuv CC Höganäs Byggkeramik Clay 1748
Kaunisvaara Pajala Northland Resources Fe 2012
Tapuli Pajala Northland Resources Fe 2012
(Source: Geological Survey of Sweden)
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Active large mines in Sweden
Active mines Metallogenic area When minded
Resources Mt Reserves Mt
Mined Mt
Total Mt
Aitik Aitik-Nautanen 1968- 1501 747 502 2750
Kirunavaara Kiruna 1864- 329 674 940 1943
Malmberget Gällivare-Malmberget 1845- 73 350 510 933
Garpenbergsfältet Northern Bergslagen 1876 - 29 26 35 89
Gruvberget Fe Vittangi 1860-1892, 2010-
74 11 0.0 85
Zinkgruvan Southern Bergslagen 1849- 8.5 11 31 51
Kristineberg Skellefteå 1935- 5.3 3.2 26 35
Renström Skellefteå 1948- 3.3 1.3 11 15
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Mining industry in Västerbotten
Mining products
Alimak Hek Lifts for mines (HQ)
Atlas Copco CMT Mining machinery sales and service
Bergteamet Drilling services (HQ)
Borr & VVS-Service i Västerbotten Drilling and VVS services
Brokk Demolition robot manufacturing (HQ)
Desrock Drilling equipment
GGB Processing equipment
Jama Mining machinery/maintenance (HQ)
Malå Geoscience Ground penetration radars (HQ)
Metso Minerals Mining machinery manufacturing
Scandinavian Explosives (Orica) Blasting products
Procraft Rubber products (HQ)
Photo: Atlas Copco
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Engineering, service and software
Argentum Mining software (HQ)
ARRC Geoconsulting Engineering services (HQ)
Charlie’s Brunns- o Energiborrning Drilling services
CL Prospektering Engineering services (HQ)
Datapolarna Mining software (HQ)
Enetjärn Natur Consulting Services (HQ)
Envix Consulting Services (HQ)
DDMC Drilling engineering services (HQ)
Drillex Drilling services and software
Geonova Consulting Surveying & environmental services (HQ)
Komab Engineering Services (HQ)
Outotec Metal processing engineering services
Pelagia Consulting Services (HQ)
Proing Consulting Services (HQ
Prorok Mining software (HQ)
Prospekteringsteknik Norr Drilling Services and sampling (HQ)
Rockma Mining software and Drilling Services(HQ)
Simmine Mining Software (HQ)
SRK Consulting Consulting Services
SweMine Consulting Consulting Services
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Other related mining industry
Georange Cluster cooperation organisation
Guldriket Gold related tourism destination service
Luleå University of Technology R & D and education related to mining
SGU Geological Survey of Sweden
Mining industry in Västerbotten cont.
Sweden and Västerbotten in short
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The Nordic Countries, one of the ten largest economies in the world
The Nordic GDP is Euro 1,088 Billion, which makes it one of the ten largest economies in the world
The Nordic GDP per person is higher than in Japan, USA and Europe
Source: Norden i tal 2012
Total population of the Nordic countries is approx. 26,000,000
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Sweden in the northern European region
• 100 million consumers
• Intra-regional trade
• All countries in the region, except Russia and Norway, are members of the EU
• The largest market, centrally
placed geographically
• Native speakers from the whole region
• Preferred location for regional headquarters
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Swedish business climate
• One of the most competitive and globalized countries in the world 1
• Stable national economy
• A tradition of export and international trade
• Excellent access to skilled and cost competitive labor market 2
• Favorable corporate taxation climate (decision taken in September 2012 to further lower rate to 22%)
• One of the lowest electricity costs for industrial consumer in Europe 3
• Very active industry-academia collaboration 4
1 World Economic Forum Index 2 IMD, U.S. Department of Labor, Watson Wyatt 3 Eurostat 4 World Economic Forum
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Sweden in the top
- Sweden and the Nordics stand out globally
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Increase in GRP 2000-2010
(Source: SCB 2012)
Growth rate Swedish provinces
Grow your business via Västerbotten
- Discover Europe’s most mineralized area
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What VIA can do for you
The province of Västerbotten welcomes new investments and Västerbotten Investment Agency is ready to help you in a multitude of ways. Companies establishing businesses in Västerbotten can apply for financial and employment incentives from the government. We are looking forward to working with you and addressing your specific goals and questions!
Contactinformation
Anders Wangby
Director
Phone direct +46 910 71 26 81 Mobile +46 70 595 19 30 [email protected]
Kerstin Nicholson North American Representative Phone +1 312 664 50 86 Mobile +1 312 969 50 86 [email protected]
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www.viavasterbotten.se
