Investment keeps mines booming in Northern Sweden

Mining trucks in the north of Sweden. File photo: Scanpix. Radio Sweden. A thousand workers a week fly in for work in Kiruna

The mining industry in the north of Sweden is booming. The newspaper Svenska Dagbladet reports that the industry has seen investments of over US$ 6 billion in the past four years.

“Most investments in industry in Sweden are happening in the northern mining industry,” says Magnus Ericsson, a professor at Luleå University and founder of the mining analyst company Raw Material Group.

Ericsson tells Svenska Dagbladet that the automobile company Saab’s struggles have shifted attention away from the unprecedented levels of investment up growth.

“The focus on Saab and its survival has been exagerrated in relation to the opportunities and investments being made in the North.”

Spurred by the demand for iron ore in China, the Swedish mining company LKAB is shipping workers on a weekly basis.

“There is pratically no unemployment in the (Arctic) town of Kiruna right now,” says Lars-Eric Aaro, head of LKAB. “We fly in 1,000 people per week to work here. There are no apartments, all of them are rented.”

For more stories from Radio Sweden, click here

Radio Sweden

For more news from Sweden visit Radio Sweden.

Do you want to report an error or a typo? Click here!

Leave a Reply

Note: By submitting your comments, you acknowledge that Radio Canada International has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Radio Canada International does not endorse any of the views posted. Your comments will be pre-moderated and published if they meet netiquette guidelines.
Netiquette »

Your email address will not be published. Required fields are marked *