Sweden will put its state-owned mineral rights on the international block following a resolution that all exploration ventures managed by the government should be discontinued.
Until recently, the State Mining Property Commission (NSG) had the right to demand a 50% share in new mineral deposits. Under the new rules, the government will continue to fund basic data collection, including geological mapping, geochemical sampling and geophysical surveys, but will not take a share in individual prospects.
Sweden says it will provide further incentives by reducing corporate taxes and other charges levied on private industries.
Over the past 20 years, the NSG has collected a regional database of precious metal, base metal and industrial mineral occurrences, with emphasis on the relatively under-exploited areas of central and northern Sweden. A 100-page report on gold prospecting in Sweden has recently been made available in English.
Covering an area of 450,000 sq. km, Sweden hosts one of the richest iron ore deposits in the world. Gold, copper, lead, silver and uranium deposits also dot the country.
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