Outside Kiruna, in one of the world’s leading mining areas, you will find the Viscaria mine close to the European Motorway E10, the Iron Ore Railway line, and the well-established water power network. The location gives Viscaria a strategic position for logistics and energy provision.
The Viscaria mine was previously in operation during the 1980s and 1990s but closed when the demand for copper declined shortly before the turn of the millennium. Since then, the needs have changed, as society is transitioning towards renewable energy sources, and metals are a key factor in that transition.
Since the 1990s, global demand for copper has doubled, which means that Viscaria’s resources are in demand once again. Previous explorations indicated that the Viscaria deposit contained 3 million tons of copper-bearing rock. Recent prospecting drillings suggest that Viscaria contains 93 million tons of copper-bearing rock and could potentially produce around 30,000 tons of copper per year. If the mine reopens, it could become one of the largest copper producers in northern Europe.
2026 is an important milestone in Copperstone’s history. Our goal is for the Viscaria mine to be in full production by then. The road that leads there is lined with important planning permits.
Mining zones A, B and D
Zone A is a copper-rich deposit with a smaller concentration of zinc and gold. Zone B is considered to be a second lens of the mineralisation in zone A. Zone D’s mineralisation is of a different type to zones A and B. In our annual report, we explain more about our copper levels and the degrees of mineralisation in the zones.Annual report SWE