Zinc stocks plummeted from 900,000 tonnes at the beginning of 2014 to around 120,000 five years later - due to a rash of zinc mine closures over the past few years and tighter environmental restrictions in China.
Sweden Mining News
Operating profit fell to 2.05 billion Swedish crowns from 2.72 billion a year earlier, beating the 1.99 billion seen by analysts in a Reuters poll.
The project has a Mineral Resource of 163 million pounds in the Indicated category and 16.7 billion pounds in the Inferred category.
The device is capable of detecting 0.1 percent hydrogen in the air in less than a second.
Since late 2015, Agnico Eagle has diamond drilled more than 135,000 metres at Barsele across 311 holes.
The zinc-silver-lead-gold project is located in the Bergslagen district, first mined in the 13th century.
In Sandvik Machining Solutions growth was moderate at a low single digit pace, impacted primarily by a decline in Asia and slower activity in the automotive segment
After LKAB’s Malmberget iron ore mine installed Metso’s impact cradles and belt cleaners, the plant was able to extend belt life as well as significantly cut down on roller change-outs, reduce material spillage and improve safety.
Swedish mining equipment maker Epiroc AB is aiming to electrify all its underground machines within five years.
Order intake improved significantly across all business areas - Sandvik
The indirect consequences of the closure are difficult to assess as Rusal is the only aluminium smelter in Sweden.
Atlas Copco’s shares fell 9 percent at 1149 GMT, dragging Nordic industrial peers such as Sandvik and SKF lower, and also hitting German vacuum gear rival Pfeiffer Vacuum.
Many nations around the world have been focussing on improving their environmental practices.
Being home to Europe’s biggest rock collection has finally come in handy for Sweden
The mine of the future is carbon-dioxide-free, digitized and autonomous.
The RR441 provides excellent bearing life, simplification of the bearing system, improvements in air flow and wear protection in soft rock applications.
The fully automated underground section of the mine is scheduled for commissioning in late 2018.
Erris Resources was granted a new 100% owned gold exploration permit, Enåsen no.5, which is located in central Sweden.
Automated mining technologies require governments and the mining industry to consider how efficiency gains will change local mining communities.
Sandvik said on Friday it was buying the French software company from private equity firm Astorg Partners.
Its shares are still up more than 10 percent in 2018, outperforming a flat European industrial sector index.
A Canadian company called Leading Edge Materials Corp. is preparing to revive operations.
Gungnir's drill campaign would begin in the second quarter of 2018 with 20 diamond drill holes testing six target areas over a strike length of more than 8 km.
Swedish court has ruled that local miner Boliden won’t have to pay over $12 million (100 million Swedish crowns) in compensation for health problems allegedly caused by toxic waste it dumped in northern Chile.
Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are in demand among makers of EVs.