$TMIN.cn #copper #zinc #silver in
#Norway
The miners left Norway in the 1970/80s/90s to make the big money
#offshore in
#oil &
#gas. They absolutely did the right thing based on the
#commodity prices back in the days!
The by far most amazing part happened after his: They never returned.
Yet the shiny rocks are still here.
This is nothing new to anyone following our story. It is undoubtedly part of Teako's mission to bring the miners back.
On our journey with the We Are Outliers 🇬🇧team, we travelled through the 3 counties of Trøndelag, Innlandet and Møre og Romsdal, based on our current main projects and available time (and, oh boy, I would love to do the same in other counties such as Nordland, Troms, and Telemark).
Traces of the former mining industry can be found at every second corner in the municipalites we visited. When you talk to the local people, there's a good chance they have a connection to it through their own family history.
Nevertheless, one of the challenges in our daily work is that while people accept that cars are becoming increasingly electric, TV screens larger, and cell phones smaller (and perhaps smarter - I'm not so sure about that), for some reason they still view
#mining as something that works exactly the same way it did 50 years ago. Things have changed quite a bit in this industry too – I know that our VP of Exploration, Freddie Duncalf, has a lot to say about that.
However, this general perception is changing rapidly. Just recently, 6 municipalities in the northern part of the County of Innlandet - Os, Tolga, Tynset, Alvald, Folldal, and Rendalen - presented their regional development strategy, which is based on 3 pillars:
#hydropower/energy,
#IT/data centers, and - drumroll, please -
#minerals/mining.
Not a single project is shovel-ready yet, but all of these municipalities are ready today to bring mining back as one of their 3 pillars of regional development for the very near future.
When (not if) the miners return, based on my own experiences in Norway over the past few years, I'm absolutely convinced that it will be a very strong return, built precisely on these *local* developments. From the outset, Teako has worked closely and actively with the local communities, all of which operate quickly and efficiently along our part of the value chain. At this level, there is a clear interest in collaboration and progress.
Norway offers far more than just its 'well-known deposits', which are known for many decades – and that is precisely our main motivation. The local mineral potential is outstanding; we simply need the work done properly to unleash this potential. That's exactly what we do, together with the locals, the municipalities, the company owners (aka shareholders) and our Teako Team.
Looking back at the aforementioned traces of the past: Many towns only exist thanks to a mine – here is a very, very subtle sign from a place 25m from the town hall (hello Folldal Kommune!💪) on the main street: