Svenska Bergsbruk

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Svenska Bergsbruk AB
Limited company (Aktiebolag)
IndustryMineral exploration, Mining
Founded2005
HeadquartersFalun, Sweden
Key people
Antal Szilagyi (Chairman), Gustaf Kugelberg (CEO)
SEK 0.0 million (2013)
SEK 48.306 million (2013)[1]
Total assetsSEK 126.455 million (end 2013)[1]
Total equitySEK 124.616 million (end 2013)[1]
Number of employees
4 (average, 2013)[1]
Websitesvenskabergsbruk.se

Svenska Bergsbruk AB, formerly Wiking Mineral AB, was a junior mineral exploration and mine development company. The firm was founded in 2005, and primarily engaged 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 was a total of about 1,400 shareholders. [2]

The head office was located in Falun, Sweden.

Operations[edit]

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 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]

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

Projects[edit]

The company’s project portfolio consisted of some mining and exploration projects concentrated to one geographical area in Sweden, the Bergslagen area.

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

Overview of projects[edit]

Gruvbergsfältet in Leksand Municipality, Dalarna County - zinc and lead

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

History[edit]

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 Noble Metals Exploration AB and Mineralprospektering i Bergslagen AB were acquired, and merged with the parent company.

In the following years continuous core drilling was done, and in 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 AB (then called Havilah Mining AB) was acquired, which in 2011 was merged with the parent company.

In 2013, 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. The company 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 AB. 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]

In November 2017 Svenska Bergsbruk AB went into bankruptcy.

References[edit]

  1. ^ a b c d e "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. ^ a b Harrysson, Jonas (2016-09-27). "Wiking Mineral byter namn och fokuserar på sina gruvplaner i Forsbacka". Gefle Dagblad (in Swedish). Retrieved 10 August 2017.

External links[edit]