Multi-billion investments in the Barents Region
Increased prices of raw-materials are the major driving force for the Barents Region investment boom. Old mines are re-opened and new mines are coming.
Iron ore mines are now increasing production and new opening in all four Barentscountries; LKAB in Gällivare-Kiruna increase the production, Sydvaranger in Kirkenes has re-opened an old mine, Northland mining company are opening new mines in the Swedish-Finnish border areas around Kolari and Pajala, while Russia’s Severstal invests in the iron-ore mines in Olenogorsk.
See videoreport from Sydvaranger: