Beowulf Mining plc (“Beowulf”) is a Nordic focused, multi commodity, exploration and development company with assets in Sweden and Finland.
Norway to the north, Russia to the east, Estonia to the south and Sweden to the west
Iron, nickel, zinc, chromium, cobalt, copper, gold, silver, graphite and cadmium
Cold temperate, potentially sub-arctic North. The climate is comparatively mild due to the influence of the north Atlantic current
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.
Finland’s mining production has doubled over the last 10 years, with the increase due to several factors, including political stability, good availability of geological data and the country’s high quality infrastructure. However, the key reason behind this growth has been the introduction of a new Mining Act in 2011.
The Finnish mining authority is the Safety and Chemical agency, otherwise known as Tukes. It is legal for any member of the population to complete limited prospecting, with more significant activity requiring an exploration licence. For any exploitation of deposits a licence is required and is only given if a set of requirements are met.
In 2016, Beowulf completed the acquisition of Fennoscandian, an exploration company with graphite assets in Finland.
Graphite is a naturally formed polymer of carbon and is the only non-metallic element that is an excellent conductor of electricity and heat. It is mostly used for refractories, in foundry facings, steel making, brake linings, pencils and in lubricants. More recently, however, the use of graphite in lithium–ion batteries has seen a surge in the global demand for graphite, in particular, for use in electric powered vehicles, mobile technology and utility storage.