From the boom days of just a few years ago, the Nordic mining scene has essentially retrenched to its established structure as more speculative ventures have found the going too tough. That has not stopped innovation, however, particularly in the region’s metallurgical sector.
In the 12 months since E&MJ last reviewed the Nordic mining and exploration sector, the picture has remained largely static. Established producers have maintained their operations, new starts have largely fallen by the wayside, and the junior explorers have thinned both in number and in terms of overall expenditure. And, until commodity prices begin to climb again and remain at sustainable levels for sufficient time to allow confidence and financing to return, there seems little chance of the Nordic mining scene doing much beyond maintaining the status quo.