Beowulf Mining plc is a Nordic focused, multi commodity, exploration and development company with a portfolio of assets in Sweden, Finland and Kosovo.
Sweden is one of the Europe’s leading mining nations and iron ore producers. The Swedish Geological Survey (SGU) reports that the number of mines has fallen from around 240 in 1900 (mines and mining fields) to 12 in 2019, while production has gone in the opposite direction. In 2019, ore production was 86.5 million tonnes. In 2021, LKAB, the state iron ore company, produced 26.7 million tonnes of iron ore. The Company’s most advanced project is the Kallak iron ore asset in northern Sweden from which testwork has produced a ‘market leading’ magnetite concentrate of 71.5 per cent iron content. In the Kallak area, 389 million tonnes of iron mineralisation have been estimated, a potential source of high-quality iron ore for fossil-free steel making in Norrbotten for decades to come.