Mining In Scandinavia
If they do take a passing interest many will dismiss the area as being over taxed, as well bureaucratic and having an excess of labor protectionism and welfare rewards that will affect their bottom lines and so be less desirable investments than other individuals in the mining sector.
Although not disputing that this perception of t…
Sweden, Norway and Finland do not right away come to mind when North American and UK investors are taking into consideration mining stocks to add to their portfolios.
If they do take a passing interest several will dismiss the region as becoming over taxed, too bureaucratic and having an excess of labor protectionism and welfare advantages that will impact their bottom lines and so be much less desirable investments than others in the mining sector.
While not disputing that this perception of the region is inaccurate, there are other elements which merit a closer study.
For instance there are mines that have been in continuous production because as early as the sixteenth century, if not earlier.
This has led to a stable workforce that is amongst the most proficient in the organization with a consequent benefit to productivity.
The lengthy established mining firms have not stinted on investing in the newest technology and equipment producing their operations amongst the most expense productive of any worldwide.
Extended term development prospects seem promising as all three nations 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 tends to make it a worthwhile area for the investor to take far more than a superficial interest in.
To get you began have a look at the web sites of the following mining businesses with operations in Scandinavia :-
Boliden AB (Quoted on Stockholm SE) Minerals Ltd (quoted in Canada & Australia) Billiton (quoted London, New York & Australia) ( Luossavvaara-Kiiravaara AB-State owned) Mineral Resources plc (London AIM Mkt) Diamonds plc (London AIM Mkt) American plc (quoted London &ors )
For more information, please go to: amsj site
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