REBIRTH FOR SWEDISH METALS SECTOR AS DEMAND DRAGS OLD INDUSTRY FROM DOLDRUMS
December 1st, 2011
BY GERARD O'DWYER, IN HELSINKI
IMPROVED global commodity prices for metals on world markets has resulted in a new wave of investment in the Swedish mining sector, with part of the surge in the overall capital spend directed at the re-opening of old copper and zinc mines which were shutdown in the 1980s and 1990s due to low profitability rather than a depletion in ore reserve stocks.
The heightened activity is also connected to improved mining and ore removal and processing technology which has significantly reduced the cost of tunneling and extraction. The ...
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