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13 March 2014

SGU in Toronto

Every year the world's mineral industry meets at the PDAC International Convention in Toronto. The Geological Survey of Sweden was there.

SGU's booth was staffed with personnel from the Mineral Resources Information Office in Malå, General Director Lena Söderberg, Head of Department of Mineral Resources Kaj Lax , Chief Mining Inspector Åsa Persson and representatives from the Ministry of Industry, Mining Inspectorate in Falun and Business Sweden. New this year was a joint Nordic arrangement, "Nordic Mining Days", which included presentations and panel debates on exploration and mining, investment prospects and technology in the Nordic region.

The world economic situation is still affecting the mining industry. But for Sweden it seems the problems are less. During the fair, the SGU booth was visited by several investors looking for interesting projects in Sweden. Bit many of the smaller exploration companies find it difficult to find funding for their projects at the moment. However, many Canadian students who were at the end of their training visited us and wanted to know about the possibilities to get a job in Sweden.

– A noticeable trend at the show was a diminishing interest in high-risk projects and a greater focus on long-term thinking of future mining projects, says Ronald Arvidsson, Head of Division Mineral Information at SGU.