Mon, Jan 13, 2014 - Page 15 News List

Critics say Sweden’s mining regulations need fixing

AFP, STOCKHOLM

“The government is currently not prepared to increase the mineral fees,” said Swedish Secretary of State Haakan Ekengren, at the Ministry of Enterprise, Energy and Communications.

He gets backing from accounting company PwC’s mining and metal analyst Carl-Wilhelm Levert, who supported the low fees.

“The Swedish mining industry is an important engine for Swedish economy,” Levert said. “Swedish fees compete on a global market and we already have high extracting fees due to low ore levels and high safety and environmental requirements.”

“It is also important for the employment in rural areas and an increased mineral fee doesn’t create better conditions — rather, it is important that we continue to support exploration because it is not until they become operative mines that we see large positive effects like new jobs and investments,” he added.

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