Beowulf is a Nordic focused, multi commodity, exploration and development company with a portfolio of projects in Sweden and Finland.
Sweden is one of the European Union’s leading producers of ore, it has 16 mines in operation, producing 80 million tonnes of ore ranging from iron and gold to rare earth elements. The country is estimated to produce 120 million tonnes of ore by 2020. The country was ranked sixteenth in the world for investment attractiveness (a combination of policy and mineral potential) by the Fraser Institute in 2016.
Finland was ranked first in the world for investment attractiveness (a combination of policy and mineral potential) by the Fraser institute in 2016, and is the highest ranked European country.
With an estimated turnover of EUR 1.5 billion, the Finnish mining sector is dominated by foreign owned companies.