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From Cellbe
If they do take a passing interest many will dismiss the area as getting over taxed, too bureaucratic and obtaining an excess of labor protectionism and welfare positive aspects that will affect their bottom lines and so be less desirable investments than other people in the mining sector.
Even though 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 contemplating mining stocks to add to their portfolios.
If they do take a passing interest many will dismiss the area as being over taxed, too bureaucratic and getting an excess of labor protectionism and welfare rewards that will affect their bottom lines and so be less desirable investments than others in the mining sector.
Although 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 steady production given that 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 advantage to productivity.
The lengthy established mining firms have not stinted on investing in the latest technology and equipment generating their operations amongst the most cost productive of any worldwide.
Extended phrase growth prospects seem promising as all 3 nations are actively engaged in encouraging the development of mining.
Add to this is the reality that parts of the area are abundant in base and valuable metal bearing ores and also coal tends to make it a worthwhile region for the investor to take much more than a superficial interest in.
To get you started out have a search at the web sites of the following mining firms 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 Sources plc (London AIM Mkt) Diamonds plc (London AIM Mkt) American plc (quoted London &ors )
