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Mining in the Nordic Countries

A comparative review of legislation and taxation

image of Mining in the Nordic Countries

The last few years have seen a lot of activity within the Nordic mining industry. New mines have opened, but there have also been cases of bankruptcies. Heightened activity has in turn led to discussions on the role of legislation and taxation in ensuring that mining contributes to sustainable development. At the same time, a number of voluntary sustainability initiatives have appeared.For historic reasons, the Nordic countries share a lot of similarities with regards to legislation. And not least with regards to environmental laws, the EU has contributed to further harmonisation, even among the non-member states Iceland and Norway. Yet important differences exist. Legal revisions are sometimes the result of much-publicised problems, so experiences in each country plays an important role.An overview of taxation also indicates both similarities and differences.

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Comparative review of legal frameworks in the Nordic countries

There are some significant differences between the Nordic countries when it comes to mining. Denmark and Iceland has no current or planned mines, and quarrying plays an overall less significant part of their national economy. For Finland, Norway and Sweden, mining is important, but first and foremost on the regional level. There are no active mines in Greenland today, but mining can potentially play a pivotal role for the country’s economy. Greenland also has a more extreme situation with regards to geography and demographics than other Nordic countries. The specifics of each country will be discussed in more detail in the following sections.

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