The journey to become a sustainable mining company
Copperstone is a Swedish exploration company formed 2006. During 2019, the Company acquired Viscaria deposit in Kiruna and accordingly, the Company’s strategy was revised. The goal is to become a modern and responsible producing mining company through the reopening of the Viscaria mine. The deposit’s high level of copper and the geographical location provides for extremely good prerequisites to become an important supplier of qualitative and responsible produced copper to customers who are driving the global change towards an electrified society. In addition to the Viscaria mine, Copperstone has several Exploitation Concessions and Exploration Permits in Arvidsjaur (Eva, Svartliden, Granliden) and Smedjebacken (Tvistbogruvan). Copperstone is accordingly represented in the three largest mining districts in Sweden.
Copperstone sees good opportunities to restart the Viscaria mine and estimates that up to 25,000 tonnes of copper per year may be extracted, which would make the Viscaria mine one of the largest copper producers in Northern Europe. The Company´s ambition is to reopen the Viscaria deposit in the year 2023/2024. The Company estimates that the total investments will amount to approximately MSEK 1,500, depending on if and when the environmental permits are granted. The majority of the required capital is expected to be financed by the means of long-term loans, subsidies and possible funds from EU bodies.
“Our focus right now is to complete an application for an environmental permit for the Viscaria project that we intend to submit in late 2021. We are also focusing on development of our mine design.”