Sweden - First in European mining

Transcription

1 Swedish Russian Mining Initiative Moscow, November 14th 2013 Copper drawing: Kaianders Sempler. Sweden - First in European mining Anton Löf Magnus Ericsson

2 Agenda Global background Exploration Mining Smelters Cluster: Suppliers: Equipment/services Academia Government Future?

3 Manganese drawing: Kaianders Sempler. Background

4 Source: Raw Materials Data World mining

5 European mining Source: Raw Materials Data 2013.

6 Background Metals cannot be replaced. Extended period of growth. China/Asia still major engines. Infrastructure & personal use. Supply constraints increase. Manganese drawing: Kaianders Sempler.

7 Exploration Mining Refining Nickel drawing: Kaianders Sempler.

8 Exploration

9 European mines Source: Raw Materials Data 2013.

10 Mining investments Laiva Kankberg Kemi Kittilä Garpenberg Järn 3% 1996 Aitik Kevitsa Talvivaara Kiruna Kaunisvaara Nickel Koppar Zink/Bly Guld Krom Sydvaranger Dannemora Anton Löf

11 Nordic ore production

12 Nordic mining Iron ore Mt Gold t Lead kt Zinc kt Copper kt Nickel kt Fin/Nor/Swe Nordic countries Sweden Nordic % of Europe Sweden rank Europe na Source: Raw Materials Data 2013.

13 Nordic refining Fin/Nor/Swe Nordic countries incl Iceland Nickel kt Aluminium kt Zinc kt Copper kt Sweden Nordic % of Europe Sweden rank Europe na na na 5 Source: Raw Materials Data 2013.

14 Swedish mining companies Rank Company name Country Shaer of world value (%) Main metal value (%) 1 Vale SA Brazil Fe 88 2 BHP Billiton Group Australia Fe 66 3 Rio Tinto Group UK Fe 79 4 Anglo American Plc UK Fe 43 5 Barrick Gold Corp Canada Au 90 6 Corporacion Nacional del Cobre (CodeChile Cu 91 7 Freeport-McMoran Copper & Gold Inc USA Cu 76 8 Xstrata Plc Switzerland Cu 48 9 Newmont Mining Corp USA Au Norilsk Nickel Mining & Metallurgical CRussia Ni System Capital Management Ukraine Fe LKAB (Luossavaara-Kiirunavaara AB) Sweden Fe Boliden AB Sweden Cu 37 Source: Raw Materials Data Source: Raw Materials Data 2013.

15 Swedish mines I Gold Svartliden Dragon Mining OP/UG t Björkdal Elgin Mining OP/UG Aitik Boliden 1.96 Boliden area Boliden 1.43 Garpenberg Boliden 0.25 Total 6.11 Iron ore Kiruna LKAB UG Mt Malmberget LKAB UG Gruvberget LKAB OP Tapuli Northland OP Dannemora Dannemora UG Total Source: Raw Materials Data 2013.

16 Swedish mines II Copper Aitik Boliden OP kt Renström Boliden UG 0.3 Maurliden Boliden OP Kristineberg Boliden UG 0.6 Garpenberg Boliden UG 11.4 Zinkgruvan Lundin Minin UG 3.1 Total 82.4 Zinc Zinkgruvan Lundin Mining UG kt Lovisa Lovisagruvan AB UG 0.04 Garpenberg Boliden UG Boliden area Boliden 30.4 Total Source: Raw Materials Data 2013.

17 Swedish mines III Silver Zinkgruvan Lunding Mining 55 t Lovisa Lovisagruvan AB Garpenberg Boliden 135 Aitik Boliden 52 Boliden area Boliden 41 Total 283 Source: Raw Materials Data 2013.

18 Technical excellence I Source: Raw Materials Data 2013.

19 Technical excellence II Source: Raw Materials Data 2013.

20 Technical excellence III Name Country Controlling company Main metal Ore prod 2012 (Mt) 1 El Teniente Chile Codelco Cu 49,0 2 Kiruna Sweden LKAB Fe 26,8 3 Zhezkazgan Kazakhstan Kazakhmys Cu 22,6 4 Grasberg Indonesia FCX Cu 16,0 5 Malmberget Sweden LKAB Fe 16,0 6 Baima China Ansteel Fe 15,8 7 Rudna Poland KGHM Cu 11,5 8 Impala South Africa Implats Pt 10,7 9 Polkowice-Sier Poland KGHM Cu 10,6 Source: Raw Materials Data 2013.

21 Explotation Mining Refining Nickel drawing: Kaianders Sempler.

22 Nordic mining cluster Vanadium drawing: Kaianders Sempler.

23 Nordic mining cluster NORDIC BARENTS BALTIC Source: Noras, Ericsson 2006.

24 Nordic market shares Mining Exploration Smelting Flash smelters Drill units SAG mills % ESTIMATE OF TOTAL WORLD Source: Noras, Ericsson 2006.

25 Technical development Drilling technology during 100 years

26 Nordic mining cluster Vanadium drawing: Kaianders Sempler.

27 Neodymium drawing: Kaianders Sempler. Future

28 Metal prices

29 Nordic ore production Mt Sweden Norway Greenland Finland Anton Löf

30 Mining investments % of total % Anton Löf

31 Mining capex MUSD

32 Conclusions Rare esrths drawing: Kaianders Sempler. Swedish mines technically advanced Nordic countries leading equipment manufacturers Mining can make a difference in the specific region Prices will stay high in a historical perspective Mining clusters Baltic/ Barents

33 Thank you! Raw Materials Group Anton Löf PO Box 3127 SE Solna Tel: Copper drawing: Kaianders Sempler.

34 Elements first isolated by Finnish and Swedish chemists and metallurgists in the 18/19th century. Visit Elements drawings: Kaianders Sempler.