Golden opportunity for Lappland Goldminers AB

Lappland Goldminers AB said it has applied for a court permit to start mining and processing gold at a site at Fäboliden, near the northern town of Lycksele along Sweden's 'Gold Line'.

The planned mining and processing facilities would have a capacity to extract 5 million tons of gold ore a year.

Lappland Goldminers’ chief executive Karl-Ake Johansson told AFX News that depending on the grade of the ore, the level of extraction should result in around 300,000 ounces of gold per year, worth 1.40 billion kronor (185 million US dollars) at today’s gold price of 617 dollars an ounce.

The company spends around 100 million kronor a year searching for gold in Lapland, but this is its first application to actually begin mining operations.

Johansson said the planned facilities will take around 18 months to construct, and require an investment of 1.2 bln skr, when and if the court grants permission.

He said he is confident the court will clear the application but is uncertain as to when. In the best case scenario he sees a go-ahead being granted before year end, but concedes it may not come before well into next year.

“It’s a court matter, we don’t know how many other cases they have on their hands, but possibly before the end of this year,” said Johansson.

Lappland Goldminers already owns some of the land on which mining is scheduled to start and is actively buying up the remainder from private owners.

Johansson said the technology for extracting gold is well established and he is confident Lappland Goldminers can extract the Fäboliden gold at “low cost”.

He said the mine would create around 200 jobs.



IN PICTURES: Spectacular light display in skies above northern Sweden

Aurora-gazers in the far north of Sweden were treated to a truly incredible sight on the early hours of Saturday morning.

IN PICTURES: Spectacular light display in skies above northern Sweden
The lights created by the rockets resembled a bright blue rain cloud. All photos: Lights over Lapland

The bright blue bursts resembled a rain cloud, which was visible roughly between 12.24am and 1.04am in the Abisko National Park, and the display was caused by two rockets.

“The lights turned out to be a pair of rockets that were launched into space to research the Northern Lights,” explained photographer and guide Chad Blakley, from the Lights over Lapland tour company, who shared the sequence of images with The Local.

“The name of the sounding rocket mission is AZURE — short for Auroral Zone Upwelling Rocket Experiment. Its goal is to measure winds and currents in the ionosphere, an electrically-charged layer of the Earth's atmosphere where auroras appear,” explained Blakley.

All photos: Lights over Lapland

They did this by releasing two chemical tracers which created the colourful clouds — without posing any hazard to local residents. 

“It looks like the Space Invaders game I played as a kid,” said one Facebook commenter, while another compared the blue lights to jellyfish.

GUIDE: How to take the best pictures of Scandinavia's northern lights