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
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
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.
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
Leading producer of ores and metals in the EU Gold Sweden 24% Bulgaria 27% Silver Others 11% Sweden 17% Finland 7% Copper Others 15% Sweden 10% Bulgaria 13% Others 10% Finland 39% Poland 65% Spain 12% Poland 50% Others 21% Zinc Sweden 23% Poland 12% Ireland 44% Lead Sweden 39% Others 22% Poland 10% Iron Germany 1% Austria 8% Ireland 29% Sweden 91% (Source: Statistics of the Swedish Mining Industry 2013)
Production of gold and silver (Source: Statistics of the Swedish Mining Industry 2013)
Contents of metals mined in Sweden Copper Lead Zinc (Source: Statistics of the Swedish Mining Industry 2013)
Production of ores in Sweden 1900-2013 (Source: Statistics of the Swedish Mining Industry 2013)
Production of ores in Sweden 1900-2020 (Source: SGU Jan Magnusson - Bergforsk May 2012)
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
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
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)
Education and R&D Luleå University of Technology Sweden s no.1 mining university with worldclass 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 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
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)
Claim certificates and exploration permits (Source: Statistics of the Swedish Mining Industry 2013)
Value of exploration (Source: Statistics of the Swedish Mining Industry 2013)
Exploration and mining companies in Västerbotten Avalon Minerals, Australia Arctic Gold Botnia Exploration Mandalay Resources/Björkdalsgruvan, Canada Boliden Continental Precious Minerals, Canada Dragon Mining, Australia Eurasian Minerals, USA Euro Scandinavian Uranium Geoforum Scandinavia Gungnir Exploration, Canada Horizon Blue, South Africa Niili Mineral Exploration Exploration Exploration Mining Mining and metallurgy Exploration Exploration and mining Exploration Exploration Exploration Exploration Exploration Exploration
Exploration and mining companies in Västerbotten - Cont. IGE/Nickel Mountain Nordic Mines Northfield Exploration/ Vilhelmina Minerals Orex Minerals, Canada Scandinavian Metals/ Metal Mines, Canada Scandinavian Resources, Australia SEQ Mining Tertiary Minerals, UK Viking Gold, Australia Wiking Mineral Exploration Exploration and Mining Exploration Exploration Exploration Exploration Exploration Exploration Exploration Exploration
Mining
Mines in Sweden Mines in Sweden 2013 (Source: Statistics of the Swedish Mining Industry 2013)
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)
Mines and resources in Norway
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 13th Century, 2012 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 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 (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 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
Mining industry in Västerbotten Mining products Alimak Hek Atlas Copco CMT Bergteamet Borr & VVS-Service i Västerbotten Brokk Desrock GGB Jama Malå Geoscience Metso Minerals Scandinavian Explosives (Orica) Procraft Lifts for mines (HQ) Mining machinery sales and service Drilling services (HQ) Drilling and VVS services (HQ) Demolition robot manufacturing (HQ) Drilling equipment Processing equipment (HQ) Mining machinery/maintenance (HQ) Ground penetration radars (HQ) Mining machinery manufacturing Blasting products Rubber products (HQ) Photo: Atlas Copco
Engineering, service and software ABB Underground Mining Services ARRC Geoconsulting Charlie s Brunns- o Energiborrning CL Prospektering Datapolarna Enetjärn Natur Envix Explizit DDMC Drillex Geonova Consulting Komab Outotec Pelagia Proing Prorok Prospekteringsteknik Norr Rockma Simmine SRK Consulting SweMine Consulting Process Controls Engineering services (HQ) Drilling services (HQ) Engineering services (HQ) Mining software (HQ) Consulting Services (HQ) Consulting Services (HQ) Mining software (HQ) Drilling engineering services (HQ) Drilling services and software Surveying & environmental services (HQ) Engineering Services (HQ) Metal processing engineering services Consulting Services (HQ) Consulting Services (HQ Mining software (HQ) Drilling Services and sampling (HQ) Mining software and Drilling Services(HQ) Mining Software (HQ) Consulting Services Consulting Services
Mining industry in Västerbotten cont. Other related mining industry Georange Guldriket Luleå University of Technology SGU Cluster cooperation organisation Gold related tourism destination service R & D and education related to mining Geological Survey of Sweden
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
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 (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
Sweden in the top - Sweden and the Nordics stand out globally
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% 50% 60% 70% 80% *Gross Regional Product = GDP at regional level (Source: Statistics Sweden)
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 anders.wangby@viavasterbotten.se www.viavasterbotten.se