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Using a nautical metaphor, to say that mining and exploration in the Nordic countries is in the doldrums is perhaps as apt as it gets at the moment. Operating in respected, stable fiscal and legal environments comes at a price, which, in this case, relates to higher labor and social costs. Add on the challenge of maintaining operations in remote, sometimes sub-Arctic locations, and it becomes easy to see why industry participants are being cagy about spending. Across the board, the message appears to be the same-costs must be trimmed wherever possible to keep existing mines viable. As for exploration, the junior sector still seems to be active in terms of project involvement, although the level of input has unquestionably fallen since the heady days of five years ago.
Using a nautical metaphor, to say that mining and exploration in the Nordic countries is in the doldrums is perhaps as apt as it gets at the moment. Operating in respected, stable fiscal and legal environments comes at a price, which, in this case, relates to higher labor and social costs. Add on the challenge of maintaining operations in remote, sometimes sub-Arctic locations, and it becomes easy to see why industry participants are being cagy about spending. Across the board, the message appears to be the same-costs must be trimmed wherever possible to keep existing mines viable. As for exploration, the junior sector still seems to be active in terms of project involvement, although the level of input has unquestionably fallen since the heady days of five years ago.
Nordic Mining: Incentive for Innovation
Simon Walker (Autor:in)
2016
Aufsatz (Zeitschrift)
Englisch
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