Investment opportunities in*mining North Sweden

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Information about Investment opportunities in*mining North Sweden
Business & Mgmt

Published on February 11, 2014

Author: ViaVasterbotten

Source: slideshare.net

Description

A detailed presentation of the investment opportunities within the mining industry in Sweden. Learn more about the history of Swedish mining, the industry output today and the potential for the future. The exploration programme is presented along with maps showing the current mines in Sweden, Norway and Finland. We also present information about setting up and running a business in Sweden.

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 •39 new mining concessions granted between 2004-2012 Regional Partner

Leading producer of ores and metals in the EU (Source: Bergsverksstatistics 2011) Regional Partner

Production of gold and silver (Source: Bergsverksstatistics 2011) Regional Partner

Contents of metals mined in Sweden (Source: Bergsverksstatistics 2011) Regional Partner

Production of ores in Sweden 1900-2011 (Source: Bergsverksstatistics 2011) 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

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  Luleå University of Technology  Mining Research: – Sweden’s no.1 mining university with world-class research and education. www.ltu.se  Soil Mechanics and Foundation Engineering Master Programs related to mining; Complab for material and structural testing Rock Mechanics and Rock Engineering 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 46 82 314956 Västerbotten 52 118 221198 Dalarna 26 50 59755 Jämtland 17 48 70454 Örebro 11 18 17333 Sweden total 203 369 768 154 • 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 2011 & Bergverksstatistik 2012) Regional Partner

Claim certificates and exploration permits (Source: Bergsverksstatistics 2011) Regional Partner

Value of exploration (Source: Bergsverksstatistics 2011) Regional Partner

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 Regional Partner

Exploration permits – 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 Regional Partner

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 12 208 99 276 333 352 Total Regional Partner

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 Regional Partner

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 Regional Partner

Mining

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 Regional Partner

Mines in Finland August 2013 Precious Metals Base Metals 1. Iso-Kuotko gold - Agnico-Eagle Ltd 2. Hanhimaa gold - Dragon Mining Ltd 3. Kittilä gold - Agnico-Eagle Ltd 4. Kettukuusikko gold - Taranis Resources Inc. 5. Naakenavaara gold - Taranis Resources Inc. 6. Pahtavaara gold - Lappland Goldminers Ab 7. Rompas gold, uranium - Mawson Resources Ltd 8. Suhanko-Konttijärvi PGE - Gold Fields Arctic Platinum Oy 9. Kuusamo gold - Dragon Mining Ltd 10. Laiva gold - Nordic Mines Ab 11. Antikanperä, gold - Belvedere Resources Finland Oy 12. Hirsikangas gold - Belvedere Resources Finland Oy 13. Ängesneva gold – Belvedere Resources Finland Oy 14. Kopsa gold - Belvedere Mining Oy 15. Piilola gold - Mineral Exploration Network (Finland) Ltd 16. Taivaljärvi silver - Sotkamo Silver AB 17. Pampalo gold - Endomines Oy 18. Hattu Belt gold - Endomines Oy 19. Seinäjoki gold, antimony - Nortec Minerals Corp. 20. Osikonmäki gold - Belvedere Resources Finland Oy 21. Orivesi gold - Dragon Mining Ltd 22. Jokisivu gold - Dragon Mining Ltd 23. Kaapelinkulma gold - Dragon Mining Ltd 1. Riikonkoski copper, gold - Taranis Resources Inc. 2. Kevitsa nickel, copper, PGE - First Quantum Minerals Ltd 3. Sakatti nickel, copper, PGE - AA Sakatti Mining Oy 4. Läntinen Koillismaa (LK) nickel, PGE – Finore Mining Inc. 5. Kuhmo nickel - Altona Mining Ltd 6. Kuhmo nickel - Anglo American Exploration B.V. 7. Talvivaara nickel, zinc, copper - Talvivaara Mining Co. 8. Hitura nickel - Belvedere Mining Oy 9. Pyhäsalmi zinc, copper, pyrite - First Quantum Minerals Ltd 10. Kylylahti copper, gold, zinc, nickel, cobalt - Altona Mining Ltd 11. Hammaslahti copper - FinnAust Mining Plc 12. Valkeisenranta, Särkiniemi nickel, copper - Altona Mining Ltd Diamonds 1. Kuusamo - Sunrise Resources Plc 2. Kuhmo - Karelian Diamond Resources Plc 3. Kaavi-Kuopio - Sunrise Resources Plc 4. Kaavi - Mantle Diamonds Ltd & Firestone Diamonds Developments JV Other commodities 1. Kolari iron, gold, copper - Northland Resources Ab 2. Kemi chromium - Outokumpu Chrome Oy 3. Ranua uranium - Euro Scandinavian Uranium AB 4. Mustavaara vanadium - Mustavaaran Kaivos Oy 5. Nuottijärvi uranium - Euro Scandinavian Uranium AB 6. Otanmäki vanadium, iron, titanium - Vuorokas Oy 7. Riutta uranium - Euro Scandinavian Uranium AB (Source: Geological Survey of Finland) Regional Partner

Mines and resources in Norway Regional Partner

Operating mines in Sweden 2011 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 Lovisagruvan Lindesberg Lovisagruvan Zn Pb Zinkgruvan Askersund Zinkgruvan Mining Zn Pb Cu Ag Au Co Ni Vram Bjuv Höganäs Bjuf Fireclay Lunnom Bjuv CC Höganäs Byggkeramik Clay 13th Century 1993, 2004 18th Century 1797 1748 (Source: Geological Survey of Sweden) Regional Partner

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 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 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 Regional Partner

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 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

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 (decision taken in September 2012 to further lower rate to 22%) • One of the lowest electricity costs for industrial consumer in Europe 3 1 World Economic Forum Index 2 IMD, U.S. Department of Labor, Watson Wyatt • Very active industry-academia 3 Eurostat 4 4 World Economic Forum collaboration Regional Partner

Sweden in the top - Sweden and the Nordics stand out globally Regional Partner

Increase in GRP 2000-2010 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! Regional Partner

Contactinformation 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 www.viavasterbotten.s Regional Partner

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