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Finland Mining Day

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Finland Mining Day

We had a great turnout for our Finland Mining day notwithstanding the general back-to-school feel spreading across London at the start of September.

The presenters from Agnico Eagle, Mawson Resources, Tasman Metals, Anglo American and Altona Mining did an admirable job presenting in spite of the occasionally woeful presenting facilities (mea culpa from the Chairman for picking the venue).

Agnico Eagle and Altona both gave interesting presentations outlining how they operate in Finland. The emphasis was very much on stakeholder engagement and operating cost reductions. Both companies kept ex-pat workers to an absolute minimum working with the local Finnish mining culture.

Mawson Resources and Tasman highlighted the geological potential of the general area and Marion Bush, presenting for Tasman, gave an admirable presentation on rare earth metals which was particularly impressive as her expertise is actually in West African gold.

We were honored to have Anglo American's Group Head of exploration at the event, Tracey Kerr, who very kindly delayed her flight plans to ensure she could present. Tracey's inconvenience was our benefit as the presentation on Anglo's potentially world-class Sakatti base and precious metals deposit was excellent. The project continues to grow but we are still some way from a resource for the project according to Tracey, unsurprising given the possible scale.

Presentation from Finland's Minister for Economic Affairs, Jan Vapaavuori

After lunch we were again honored to have a distinguishd speaker. Jan Vapaavuori, Finnish Minister for Economic Affairs, gave his views on mining in Finland. Broadly the Government is pro-mining but with a definite lean towards environmentally and socially sensitive exploration and construction.

Unlike many of our ministers in the UK, Jan demonstrated a robust sense of humour, particularly when fielding some of the more difficult to answer questions. Nick Cook, who gave the Mawson Resources presentation, asked about the lack of bodies in the mines ministry for granting licences - an issue that has led to a bottleneck in the system. Jan fielded the question well but we hope he will follow up with the issue when back in Helsinki.

Jan Vapaapouri - Finnish Minister for Economic Affairs

Jan Vapaavuori - Finland's Minister for Economic Affairs

Panel Discussion - Moderated by Jim Coppard

After the minister gave a short presentation we were delighted by the frank panel discussion.

Moderated by Jim Coppard, the leader of the Anglo American team that discovered the Sakatti project, the panel members were Nick Cook from Mawson Resources, Alistair Cowden from Altona Mining and Carl Noack representing Altus and the AMA.

One of the main take aways from the panel discussion came from Mr Cowden who stressed that mining companies need to take a concordant approach to getting projects off the ground. Working with the "green" groups and other stakeholders is now the only option in the Country following a change of the mining code.

The general concensus from the panelists, all experienced explorers and miners, was that Finland offers great exploration and development potential, which coupled with the low geopolitical risk makes it a great investment destination. There are some issues that need working out, particularly regarding licensing but this will come in time.

 

Finland Day Panel Discussion

Jim Coppard Moderating (right)

Panel Members (left to right): Nick Cook - Mawson Resources, Alistair Cowden - Altona Mining, Carl Noack - Altus & The AMA