Investment opportunities in mining North Sweden 2010
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 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
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 zinc 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.
Leading producer of ores and metals in the EU # 1 Producer of iron ore, gold and lead # 2 Producer of zinc and silver # 3 Producer copper Europe s most active exploration and new mines are being opened. Between 2004-2010: 31 new mining concessions granted
Leading producer of ores and metals in the EU Source: Bergsverksstatistics 2010
Production of gold and silver Gold Gold Source: Bergsverksstatistics 2010
Contents of metals mined in Sweden Zinc Lead Copper Source: Bergsverksstatistics 2010
Production of ores in Sweden 1900-2010 Non ferrous ores for concentrating Iron ores for concentrating Iron ores for direct use Production of ores 2010: Non ferrous ores for concentrating = 32,7Mton Iron ores for concentrating = 27,9 Mton Iron ores for direct use = 0,9Mton Source: Bergsverksstatistics 2010
Production of ores in Sweden 1900-2020 Million ton Non ferrous ores for concentrating Iron ores for concentrating Iron ores for direct use Source: SGU Jan Magnusson - Bergforsk 10 maj 2012
Crude steel production in Sweden Source: The Swedish Steel Producers' Association
Swedish steel exports and imports Exports Imports Source: The Swedish Steel Producers' Association
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
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
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
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
Exploration
Value of exploration Government support/ Others/ Source: Bergsverksstatistics 2010
Exploration permits Province New Extended Area (ha) Norrbotten 55 39 182595 Västerbotten 33 48 82377 Dalarna 34 51 149923 Örebro 6 16 10470 Västra Götaland 2 2 1226 Sweden total 174 214 542201 52% of the total number of permits are in the north of Sweden 54% of the total area permitted is in the north of Sweden (Source: Swedish Mining Directory Annual report 2010)
Claim certificates and exploration permits Source: Bergsverksstatistics 2010
Exploration companies 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
Exploration companies cont. 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
First hand choice mineral for exploration permits 2009 Dito, % 2008 2007 2006 Fe 27 13 35 26 11 Cu 58 28 102 151 111 Au 33 16 37 56 62 Ag 2 1 3 8 13 Zn 16 8 23 14 66 Pb 2 1 14 9 14 Ni 6 3 7 19 16 Mo 3 1 10 17 7 W 1 0,5 4 4 11 Mn 2 1 3 0 0 Pt 1 0,5 Li 3 1 U 12 6 26 21 22 alum shale 17 8 9 2 7 nefelinsyenit 3 1 gas 19 9 2 0 0 diamond 3 1 1 6 12 Total 208 99 276 333 352
Exploration and mining companies in Västerbotten Alcaston, Australia Anglo American UK BHP Billiton World Exploration Canada Blackstone Ventures Björkdalsgruvan/Gold-Ore Resources Boliden Continental Precious Minerals Canada Dragon Mining Australia Horizon Blue Lappland Goldminers Mawson Resources, Canada IGE/Nickel Mountain, Sweden Northland Resources Orex Minerals Tertiary Minerals Umindevco Wiking Mineral Scandinavian Resources Ltd Exploration Exploration Exploration Exploration Mining Mining and metallurgy Exploration Exploration and mining Exploration and mining Exploration and mining Exploration Exploration Exploration Exploration Exploration Exploration Exploration Exploration
Mining
Mines in Sweden New and granted applications for mining concessions 2004 2010 2005 2006 2007 2008 2009 2010 New applications 3 3 3 8 4 4 Granted applications 2 2 7 5 4 4
Mines in Sweden in operation 2010 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
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
Large unexploited deposits in Sweden Name Metallogenic area Resources Mt Reserves Mt Total Mt Häggån Caledonian Black Shale 810 810 Rönnbäcken Grong-Stekenjokk 526 526 Sahavaara Stora Pajala-Kolari 122 101 123 Tapuli Pajala-Kolari 132 75 207 Lappmalmen Kiruna 100 100
Mines in Finland
Mines and resources in Norway
Mining industry in Västerbotten Mining products Alimak Hek Atlas Copco CMT Bergteamet Borr & VVS-Service i Västerbotten Brokk Contector Malå Geoscience Metso Minerals Scandinavian Explosives (Orica) Procraft Lifts for mines (HQ) Mining machinery sales and service Drilling services (HQ) Drilling and VVS services Demolition robot manufacturing (HQ) Mining machinery/maintenance (HQ) Ground penetration radars (HQ) Mining machinery manufacturing Blasting products Rubber products (HQ) Photo: Atlas Copco
Engineering, service and software Aslean International Tires Argentum ARRC Geoconsulting CI Prospektering Datapolarna Envix DDMC Drillex Geonova Consulting Komab Outotec Proing Prorok Prospekteringsteknik Norr Rockma Simmine SRK OTR Tire reconstruction (HQ) Mining software (HQ) Engineering services (HQ) Engineering services (HQ) Mining software (HQ) Consulting services (HQ) Drilling engineering services (HQ) Drilling services and software Surveying & environmental services (HQ) Engineering services (HQ) Metal processing engineering services Consulting services (HQ Mining software (HQ) Exploration and sampling (HQ) Mining software (HQ) Mining Software (HQ) Consulting services
Other related mining industry Other related Georange Guldriket SGU Cluster cooperation organisation Gold related tourism destination service Geological Survey of Sweden
Sweden and Västerbotten in short
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
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 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
Well known as a test market Sweden is one of the most trend sensitive countries in the world and is well known among international companies as an excellent test market for new products. Swedes are early adopters of new products.
Contact us We re here for you
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, including assisting with all necessary permits and finding the right premises and manpower. 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!
Contact information Anders Wangby Director Phone direct +46 910 71 26 81 Mobile +46 70-595 19 30 anders.wangby@viavasterbotten.se Kerstin Nicholson North American Representative Phone +1 312 664 50 86 Mobile +1 312 969 50 86 kerstin.nicholson@viavasterbotten.se www.viavasterbotten.se