Grängesberg Iron AB

Mining concession granted for the Grängesberg iron ore mine

May 15th, 2013

The Swedish Mining Inspectorate has granted Grängesberg Iron AB a mining concession for the iron ore mine in Grängesberg, in the mineral-rich Bergslagen district of central Sweden. The granted mining concession is an important milestone on the road towards re-opening the historic Grängesberg iron ore mine.

“The decision by the Chief Mine Inspector of Sweden is a big step towards re-opening one of Sweden’s largest iron ore mines”, says Gösta Bergman, Chairman of the Board of Grängesberg Iron AB. “Until the closure in 1989, the Grängesberg mine was the third largest iron ore mine in Sweden, next only to the Kiruna and Malmberget mines in the north of Sweden. The re-opening will grow to become one of the main industrial projects in Scandinavia.”

According to the Swedish Minerals Act, an exploitation (mining) concession is granted by the Chief Mine Inspector of Sweden, if a mineral deposit has been discovered that can most likely be mined economically, and the deposit is located in an area that is suitable for mining activities.  An exploitation concession is valid for 25 years, and is then automatically renewed every ten years if mining is on-going. The application for the exploitation concession contains a preliminary environmental impact assessment.