Svenska Bergsbruk

Svenska Bergsbruk AB
Limited company (Aktiebolag)
Industry Mineral exploration, Mining
Founded 2005
Headquarters Falun, Sweden
Key people
 Antal Szilagyi (Chairman), Gustaf Kugelberg (CEO)
SEK 0.0 million (2013)
SEK 48.306 million (2013)[1]
Total assets SEK 126.455 million (end 2013)[1]
Total equity SEK 124.616 million (end 2013)[1]
Number of employees
 4 (average, 2013)[1]
Website svenskabergsbruk.se

Svenska Bergsbruk, formerly Wiking Mineral, is a junior mineral exploration and mine development company. The firm was founded in 2005, and primarily engages in mine development and active exploration for base and precious metal deposits in Sweden.

Between 2006 and November 21, 2014 the company was listed on the alternative exchange AktieTorget using the symbol WIKM. In July 2014 Patrik Brinkmann and family controlled just over 50% of the company, and there were a total of about 1,400 shareholders. [2]

The head office is located in Falun Sweden.

Operations

Since 2005, the Company has conducted exploration in several areas with previously proven mineral resources, primarily in northern Sweden, and now has a portfolio of mining and exploration projects in various stages of development, using different methods, ranging from traditional surface exploration to advanced deep exploration.

In July 2014 Svenska Bergsbruk had 34 exploration projects in and outside of known mineral deposit areas, as well as two mining concessions (in Gladhammar and Vindfall).[3]

In 2013 the company had an average of two employees and two consultants. In the current phase, the company relies to a large extent on external expertise, with the idea of moving more and more of these capacities in-house as it approaches the processing phase.[1]

Projects

Svenska Bergsbruk's project portfolio consists of some mining and exploration projects concentrated to one geographical area in Sweden; the Bergslagen area.

Vindfall near Gävle and Sandviken is a shallow lead, zinc and silver deposit, which the company sees as its most promising project and intends to develop towards active mining operations.

Overview of projects

Gruvbergsfältet in Leksand Municipality, Dalarna County - zinc and lead

Rörbergsfältet: Vindfall/Sörtärnan in Gävle municipality, Gävleborg County - zinc, lead and silver

History

Wiking Mineral was founded in 2005 by Patrik Brinkmann and Görgen Edefors. The following year new equity was issued twice, totaling SEK 30 million, the company was listed on the market place Aktietorget and exploration activities commenced.

In 2007, an additional share issue of SEK 20 million was carried out, and the companies and Noble Metals Exploration and Mineralprospektering i Bergslagen were acquired, and merged with Svenska Bergsbruk.

In the following years continuous core drilling has been carried out, and 2009 mineralizations of zinc and lead (Myssfallet in Saxåfältet) as well gold (Bastutjärnen near Boliden) were found, among others.

The following year, convertible bonds totalling SEK 66.7 million were issued and exploration company Nordic Resources (then called Havilah Mining) was acquired, which in 2011 was merged with the parent company.

In 2013 Svenska Bergsbruk's creditors were offered a private placement in accordance with the Company's proposal to creditors following the cancellation of rights issue earlier in the year whereupon the Company was granted reorganization.

In 2014 the company resumed drilling operations in Gladhammar, Västervik after a geophysics study had demonstrated greater potential than previously thought, and it was granted a mining concession for its key project Vindfall. Svenska Bergsbruk also signed a purchase agreement for a mineral processing plant.

The company has remained controversial due to its ties to far-right political groups.[4][5] In 2016 the company filed for a name change to Svenska Bergsbruk. According to CEO Torgrim Svensson, the name change reflects a change in direction, with several key people linked to far-right politics no longer holding official positions in the company.[5]

References

  1. 1 2 3 4 5 "Annual Report 2013 (In Swedish)" (PDF). Wiking Mineral. Retrieved 6 August 2014.
  2. ↑ "About Svenska Bergsbruk". Svenska Bergsbruk. Retrieved 30 December 2014.
  3. ↑ "Projects". Svenska Bergsbruk. Retrieved 6 August 2014.
  4. ↑ Hallstensson, Erik (2016-03-30). "Högerextrema krafter äger prospekterande gruvbolag". Dalarnas Tidningar (in Swedish). Retrieved 10 August 2017.
  5. 1 2 Harrysson, Jonas (2016-09-27). "Wiking Mineral byter namn och fokuserar på sina gruvplaner i Forsbacka". Gefle Dagblad (in Swedish). Retrieved 10 August 2017.
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