Sweden, Norway and Finland do not immediately come to mind when North American and UK investors are considering mining stocks to add to their portfolios.
If they do take a passing interest many will dismiss the region as being over taxed, too bureaucratic and having an excess of labor protectionism and welfare benefits that will affect their bottom lines and so be less desirable investments than others in the mining sector.
While not disputing that this perception of the region is inaccurate, there are other factors which merit a closer study.
For instance there are mines that have been in continuous production since as early as the sixteenth century, if not earlier.
This has led to a stable workforce that is amongst the most proficient in the business with a consequent benefit to productivity.
The long established mining companies have not stinted on investing in the latest technology and equipment making their operations amongst the most cost effective of any worldwide.
Long term growth prospects appear promising as all three countries are actively engaged in encouraging the development of mining.
Add to this is the fact...
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