Composite Policy and Mineral Potential Ranking

Transcription

1 Courtesy of Agnico-Eagle Mines Ltd. Global Trends in Geological Exploration: State contribution to stimulation of Geological Exploration Vesa Nykänen Manager Bedrock Geology and Resources, Northern Finland, Rovaniemi Geological Survey of Finland 1 Composite Policy and Mineral Potential Ranking Frazer Institute Mining Company Survey 2012 Finland Sweden Norway 2 1

2 Why Finland? Long mining tradition and knowhow Excellent geodata and infrastructure A favorable and secure investment environment Significant potential for new discoveries 3 Fennoscandian Shield - Good Potential within EU Precambrian shield area similar to Canada & Australia Long mining tradition Yet under-explored terrain Potential for many commodities Base metals,, platinum metals, iron, high tech metals, diamonds, 4 2

3 Fennoscandian Ore Deposit Data Base Map Server GTK Special Paper Metallogenic areas in Fennoscandia (Fennoscandian Ore Deposit Database) 6 3

4 Mining Boom in Fennoscandia Major new mines 2012 Expansion/reopening of old mines 7 Mining in the Nutshell 52 mines (12 metal, 17 carbonate rocks and 14 industrial minerals ) Mine investments Bill. Estimated investments over 3 Bill. Estimated turnover 2.5 Bill. and employeers 5000 in 2015 Finland is one of the leading mining technology providers (Metso, Outotec, Sandvik, Normet) Annual ore output (Mt) > < 0.1 Metals Industrial minerals Kittilä Hitura nickel Kevitsa nickel Pahtavaara Kemi chrome Raahe Lahnaslampi talc Pyhäsalmi Copper-zinc Siilinjärvi phosphorus TalvivaaraNickel-zinc Kylylahti Ilomantsi copper Polvijärvi talc Orivesi Jokisivu Lappeenranta calcite Data: ETLA 2011 Parainen calcite Lohja calcite 8 4

5 M Mine Projects 2012 Project Raaka-aineet Company Mine project Kolari iron Sokli phosphorus Sokli Phosphorus Yara Kolari Iron (copper, ) Northland Reources Ab Suhanko Palladium (platinum) Gold Fields Mustavaara Vanadium (iron, titanium) Mustavaaran Kaivos Oy Taivaljärvi Silver (zinc) Sotkamo Silver Ab Suhanko palladium Mustavaara vanadium Taivaljärvi silver Länttä Lithium Keliber Oy Länttä lithium 9 Exploration Projects 30 to 40 companies active in exploration Main commodities: Au, Ni, Cu, PGM, ferrous metals, high-tech metals, Exploration expenditure 81 mill. incl. brown fields in Year Sakatti Nickel-copperplatinum Rompas -uranium Kuusamo Särkiniemi nickel Rantasalmi 10 5

6 Import of high tech metals to EU U.S.A Molvbdenum 34% EU Brazil Niobium- Columbium 90% Chile Lithium 60% D.R.Congo Cobalt 36% South Africa Rhodium 79% Platinum 77% Vanadium 45% Chromium 41% Russia Palladium 45% China Rare Earths 95% Antimony 87% Tungsten 84% Australia Tantalum 60% Titanium 42% Source: Eurostat 11 Finland mining vision 2020 Volume of metallic ores mined Finland has significant known deposits of many critical metals and minerals and considerable potential for new discoveries. 12 6

7 The minerals sector as an opportunity for Finland 13 Social license to operate needs to be earned each day 14 7

8 Summary of Finland s success story Mining vision 2020 Global demand for metals Ore potential of the Fennoscandian Shield Geological data and the services provided by the Geologiacl Survey of Finland High level mining engineering skills A favourable and secure investment environment Excellent infrastructure and good international connections 15 HOW LONG IT CAN TAKE? Gold price and the development of Kittilä mine GTK discovered the Suurikuusikko deposit (later Kittilä Gold Mine) Drilling and studies Swedish owned junior company made an acquisition Building up the resource Canadian Agnico-Eagle Mines took over. Production started 16 8

9 Finland Mineral opportunities for the future! Kiitos! 17 9