InfraVia has announced an investment in Gruvaktiebolaget Viscaria to support the development of one of Europe’s most advanced copper projects, located in northern Sweden.
The Viscaria project, situated within the Viscaria iron oxide-copper-gold (IOCG) belt, is a fully permitted brownfield underground copper mine currently in construction in Kiruna, in northern Sweden. Owned by Gruvaktiebolaget Viscaria, a company listed on Nasdaq Stockholm Main Market, the project benefits from a well-established industrial ecosystem, direct access to rail for export, readily available hydro-electric power and existing underground infrastructure.
At full production, Viscaria is expected to produce around 120,000 tons of copper concentrate per year, corresponding to approximately 26,000 tons of contained copper per year, which will be exported to copper smelters in Europe. A memorandum of understanding for copper concentrate offtake has been signed with Aurubis AG, one of Europe’s l
