Mining In Scandinavia
April 23, 2018
Sweden, Norway and Finland do not immediately come to mind when North American and UK investors are considering mining stocks to add to their portfolios.
If they do take a passing interest many will dismiss the region as being over taxed, too bureaucratic and having an excess of labor protectionism and welfare benefits that will affect their bottom lines and so be less desirable investments than others in the mining sector.
While not disputing that this perception of the region is inaccurate, there are other factors which merit a closer study.
For instance there are mines that have been in continuous production since as early as the sixteenth century, if not earlier.
This has led to a stable workforce that is amongst the most proficient in the business with a consequent benefit to productivity.
The long established mining companies have not stinted on investing in the latest technology and equipment making their operations amongst the most cost effective of any worldwide.
Long term growth prospects appear promising as all three countries are actively engaged in encouraging the development of mining.
Add to this is the fact that parts of the region are abundant in base and precious metal bearing ores and also coal makes it a worthwhile region for the investor to take more than a superficial interest in.
To get you started have a look at the websites of the following mining companies with operations in Scandinavia :-
Boliden AB (Quoted on Stockholm SE) http://www.boliden.com
Equinox Minerals Ltd (quoted in Canada & Australia) http://www.equinoxminerals.com
BHP Billiton (quoted London, New York & Australia) http://www.bhpbilliton.com
LKAB ( Luossavvaara-Kiiravaara AB-State owned) http://www.lkab.com
Alba Mineral Resources plc (London AIM Mkt) http://www.albamineralresources.com
European Diamonds plc (London AIM Mkt) http://www.europeandiamondsplc.com
Anglo American plc (quoted London &ors ) http://www.angloamerican.co.uk