About us

Nordic Mines AB (publ) was founded in June 2005 and has a present share capital of 32.5 million SEK.  The head office is in Uppsala, Sweden.

At the moment, the company’s operations are focused on exploring for gold and other metals. The aim, however, is to establish proprietary mining operations while continuing to explore. Today, Nordic Mines is running projects in three areas in Finland and three in Sweden, of which Laiva in Finland will be the first to be taken into production. 

The company has been listed on the OMX Nordic Exchange Small Cap list under the abbreviation NOMI since July 18, 2008.

Business concept

Nordic Mines’ business concept is to create high growth through exploring and exploiting the company’s existing and future resources of gold and other minerals, and based on these, conduct proprietary mining operations.

Vision

Nordic Mines’ vision is to become one of the leading gold producers in the Nordic region and Europe, while establishing itself as an environmental role model.
 
Goals

Nordic Mines shall in 2010 conduct mining operations and production in Laiva, Finland

Strategy

Using the management’s and board of directors’ substantial competencies in exploration and mining, Nordic Mines shall:

• Cooperate with leading and financially solid consultancy groups in the mining business to identify and develop mineral deposits in an effective and environmentally responsible way

• Establish proprietary mining operations and produce metals at proprietary concentrators, situated close to the mines Produce high quality end products, meeting a demand at the world market

• Establish an organization of adequate size and with a well documented experience of exploration and mining

• Plan well ahead in matters concerning concessions and other permissions issued by authorities as well as in building up the mining organization and the long-term financing of the company

Consultants and suppliers

Close cooperation with highly qualified suppliers is essential for success in the mining business. Nordic Mines has a well developed network of cooperation a number of leading companies. The most important ones in the Laiva project include:

- Outotec, which is responsible for feasibility studies and process development

- GTK, the Geological Research Central in Finland, which performs process testing and chemical analyses

- Lapin Vesitutkimus OY, which performs environmental studies and collects basic data for environmental impact assessment

- CSA Global, an international Geological, mining and management consulting company who has calculated the mineral resource.

- Atlas Copco and Snorre Maskin, main suppliers of Nordic Mines’ unique drilling machine for exploration, Borrugglan

- Evli Bank, long term financial partner of the company

- Standard Bank Plc, provider of financial advisory services for the financing of the company’s gold project in Laiva