Investment opportunities in
mining North Sweden
2010
Regional Partner
Swedish Mining
- Mining history and brief info
Mining Industry in Sweden
• 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
Regional Partner
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
Regional Partner
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
• Our 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.
Regional Partner
Leading producer of ores and metals in the EU
# 1 Producer of iron ore and lead
# 2 Producer of gold, zinc and silver
# 4 Producer of copper
Sweden has Europe’s most active
exploration and new mines are
being opened
Regional Partner
Leading producer of ores and metals in the EU
Silver
Gold
Sweden
24%
Bulgaria
27%
Others
10%
Zinc
Sweden
23%
Others
21%
Sweden
17%
Bulgaria
13%
Others
15%
Others
11%
Poland
65%
Finland
39%
Poland
12%
Copper
Finland
7%
Lead
Sweden
39%
Sweden
10%
Spain
12%
Iron
Poland
50%
Germany Austria
1%
8%
Others
22%
Ireland
44%
Poland
10%
Ireland
29%
(Source: Statistics of the Swedish Mining Industry 2013)
Sweden
91%
Regional Partner
Production of gold and silver
(Source: Statistics of the Swedish Mining Industry 2013)
Regional Partner
Contents of metals mined in Sweden



(Source: Statistics of the Swedish Mining Industry 2013)
Copper
Lead
Zinc
Regional Partner
Production of ores in Sweden 1900-2013
(Source: Statistics of the Swedish Mining Industry 2013)
Regional Partner
Production of ores in Sweden 1900-2020
(Source: SGU Jan Magnusson - Bergforsk May 2012)
Regional Partner
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
Photo: Atlas Copco
Northern Sweden is Europe’s most
mineralized area.
Regional Partner
Invest in mining in Sweden
•
Fraser Institute ranks Sweden as number 1 in the world 2013
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
Regional Partner
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)
Regional Partner
Education and R&D
Mining Research:
Luleå University of Technology

Sweden’s no.1 mining university with worldclass research and education.
www.ltu.se
Soil Mechanics and Foundation
Engineering

Master Programs related to mining;
Rock Mechanics and Rock Engineering
Complab for material and structural
testing
Civil Engineering, with specialization in
mining and Geotechnical Engineering
Environmental Research Lab for waste
and rest material testing
Material Engineering
Waste treatment
Exploration and Environmental Geosciences Landfill
Soil sanitation
Environment informatics
Regional Partner
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
Regional Partner
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
Regional Partner
Exploration
Exploration permits
Province
New
Extended
Area (ha)
Norrbotten
18
43
181551
Västerbotten
29
47
116894
Dalarna
18
30
84595
Jämtland
3
8
8330
Västernorrland
5
1
8778
Sweden total
113
158
546689
•
60% of the total number of permits are in the North
of Sweden
•
73% of the total area permitted is in the North of
Sweden
(Source: Statistics of the Swedish Mining Industry 2013)
Regional Partner
Claim certificates and exploration permits
(Source: Statistics of the Swedish Mining Industry 2013)
Regional Partner
Value of exploration
(Source: Statistics of the Swedish Mining Industry 2013)
Regional Partner
Exploration and mining companies in Västerbotten
Avalon Minerals, Australia
Exploration
Arctic Gold
Exploration
Botnia Exploration
Exploration
Mandalay Resources/Björkdalsgruvan, 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, South Africa
Exploration
Niili Mineral
Exploration
Regional Partner
Exploration and mining companies in Västerbotten
- Cont.
IGE/Nickel Mountain
Exploration
Nordic Mines
Exploration and Mining
Northfield Exploration/ Vilhelmina Minerals
Exploration
Orex Minerals, Canada
Exploration
Scandinavian Metals/ Metal Mines, Canada
Exploration
Scandinavian Resources, Australia
Exploration
SEQ Mining
Exploration
Tertiary Minerals, UK
Exploration
Viking Gold, Australia
Exploration
Wiking Mineral
Exploration
Regional Partner
Mining
Mines in Sweden
Mines in Sweden 2013
(Source: Statistics of the Swedish Mining Industry 2013)
Regional Partner
Mines in Finland (gtk)
August 2014
Precious Metals
1.Iso-Kuotko g old-Ag nico-Eag le Ltd
2.Ha nh im aa g old-Drag on Mining Ltd&Ag nico-Eag le LtdJV
3.Kittiläg old-Ag nico-Eag le Ltd
4.Ke ttukuusikko g old-TaranisRe source sInc.
5.N aake navaara g old-Ta ra nisRe source sInc.
6.Pah tavaa ra g old-La ppla ndGoldm ine rsAb
7.Rom pa s g old,uranium -Mawson Re source sLtd
8.Suh a nko-KonttijärviPGE-GoldFie ldsArcticPlatinum Oy
9.Kuusam o g old-Drag on Mining Ltd
10.Laiva g old-N ordicMine sAb
11.Antika npe rä,g old-Be lve de re Re source sFinlandOy
12.Hirsikang as g old-Be lve de re Re source sFinlandOy
13.Äng e sne va g old–Be lve de re Re source sFinlandOy
14.Kopsa g old-Be lve de re Mining Oy
15.Piilola g old-Mine ralExploration N e twork (Finla nd)Ltd
16.Ta ivaljärvisilve r-Sotkam o Silve rAB
17.Pa m palo g old-Endom ine sOy
18.HattuBe ltg old-Endom ine sOy
19.Se inäjokig old,antim ony-N orte cMine ralsCopr.
20.Osikonm äkig old-Be lve de re Re source sFinlandOy
21.Orive sig old-Drag on Mining Ltd
22.Jokisivug old-Drag on Mining Ltd
23.Kaa pe linkulm a g old-Drag on Mining Ltd
Base Metals
1.Riikonkoskicoppe r,g old-Ta ra nisRe source sInc.
2.Ke vitsa nicke l,coppe r,PGE-FirstQuantum Mine ralsLtd
3.Sakattinicke l,coppe r,PGE-AASa kattiMining Oy
4.Läntine n Koillism aa (LK)nicke l,PGE–Finore Mining Inc.
5.Kuh m o nicke l-Altona Mining Ltd
6.Kuh m o nicke l-Ang lo Am e rican Exploration B.V.
7.Talvivaara nicke l,zinc,coppe r-Talvivaara Mining Co.
8.Hitura nicke l-Be lve de re Mining Oy
9.Pyh äsa lm izinc,coppe r,pyrite -FirstQuantum Mine ralsLtd
10.Kylylah ticoppe r,g old,zinc,nicke l,cob alt-Altona Mining Ltd
11.Outokum pucoppe r-FinnAustMining Plc
12.Ham m a slah ticoppe r-FinnAustMining Plc
13.Valke ise nranta,Särkinie m inicke l,coppe r-Altona Mining Ltd
Diamond
1.Kuh m o -Kare lian Diam ondRe source sPlc
Other commodities
1.Kolariiron,g old,coppe r-N orth landRe source sAb
2.Ke m ich rom ium -Outokum puCh rom e Oy
3.Mustavaa ra va nadium -Mustavaaran Ka ivosOy
4.Ota nm äkiva nadium ,iron,titanium -VuorokasOy
(Source: Geological Survey of Finland)
Regional Partner
Mines and resources in Norway
Regional Partner
Operating mines in Sweden 2013
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
Cu Au Ag
1989
Renström
Skellefteå
Boliden Mineral
Cu Zn Pb Ag Au
1948
Maurliden
Norsjö
Boliden Mineral
Zn Au Ag Cu Pb
2000
Maurliden Östra
Norsjö
Boliden Mineral
Zn Au Ag Cu Pb
2012
Tapuli
Pajala
Northland Resources
Fe
2012
Dannemora
Uppsala
Dannemora Mineral
Pb Au Fe Cu Mn Ag Zn
Gruvberget
Kiruna
Lousavaara-Kiirunavaara
Fe
2010
Kankberg
Skellefteå
Boliden Mineral
Au Te
2012
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
Lovisagruvan
Lindesberg
Lovisagruvan
Zn Pb
Zinkgruvan
Askersund
Zinkgruvan Mining
Zn Pb Cu Ag Au Co Ni
Vram
Bjuv
Höganäs Bjuf
Fireclay
1797
Lunnom
Bjuv
CC Höganäs Byggkeramik
Clay
1748
13th Century, 2012
13th Century
1993, 2004
18th Century
Regional Partner
(Source: Geological Survey of Sweden)
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
18601892,
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
Regional Partner
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 (HQ)
Brokk
Demolition robot manufacturing (HQ)
Desrock
Drilling equipment
GGB
Processing equipment (HQ)
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
Regional Partner
Engineering, service and software
ABB Underground Mining Services
Process Controls
ARRC Geoconsulting
Engineering services (HQ)
Charlie’s Brunns- o Energiborrning
Drilling services (HQ)
CL Prospektering
Engineering services (HQ)
Datapolarna
Mining software (HQ)
Enetjärn Natur
Consulting Services (HQ)
Envix
Consulting Services (HQ)
Explizit
Mining software (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
Regional Partner
Mining industry in Västerbotten cont.
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
Regional Partner
Sweden and Västerbotten
in short
The Nordic Countries, one of the ten largest
economies in the world
 Total population of the Nordic countries is approx.
26,000,000
 The Nordic GDP is Euro 1,088
Billion, which makes it the
tenth economy in the world
 The Nordic GDP per person is
higher than in Japan, USA
and Europe
Source: Norden i tal 2012
Regional Partner
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
Regional Partner
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
(22%)
• One of the lowest electricity costs for
industrial consumer in Europe 3
• Very active industry-academia
1 World Economic Forum Index
4
2 IMD, U.S. Department of Labor, Watson Wyatt
collaboration
3 Eurostat
4 World Economic Forum
Regional Partner
Sweden in the top
- Sweden and the Nordics stand out globally
Regional Partner
Increase in GRP* 2000-2011
Norrbotten
Halland
Stockholm
Uppsala
Västerbotten
Örebro
Södermanland
Jämtland
Skåne
Kronoberg
Västra Götaland
Östergötland
Gotland
Dalarna
Västmanland
Jönköping
Västernorrland
Kalmar
Värmland
Gävleborg
Blekinge
0%
10%
20%
30%
40%
*Gross Regional Product = GDP at regional level
(Source: Statistics Sweden)
50%
60%
70%
80%
Regional Partner
Grow your business via
Västerbotten
- Discover Europe’s most mineralized area
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!
Anders Wangby
Director
Phone direct +46 910 71 26 81
Mobile +46 70 595 19 30
[email protected]
www.viavasterbotten.se
Regional Partner