The operation
We identify and develop mineral projects.
GRANGEX identifies and develops mineral projects in Scandinavia. The goal of our operations is to contribute to Europe’s mineral supply in a long-term and responsible manner. Before making an investment, we assess the project’s potential to achieve profitability with industry-standard low investment costs, and we calculate how quickly the project can enter production and thereby generate positive cash flow. Our aim is to create profit for our investors while also contributing to positive societal development through responsible mineral production and recycling.
Vision & strategi
GRANGEX develops mineral projects for responsible extraction and recycling. Our vision is to contribute to a sustainable society by supplying minerals for the green transition of the steel industry.
Our mineral projects aim to contribute to Europe's metal supply in a sustainable way
Sydvaranger mine
In Norwegian Finnmark lies Sydvaranger. The mine is the third-largest iron ore mine in the Nordic region, with its operations currently dormant and a planned restart in 2027. In preparation for the restart, GRANGEX will implement processes to improve the mine’s product quality, which will make Sydvaranger a significant supplier in the value chain for the steel industry’s green transition.
Dannemora mine
In northern Uppland, Sweden, lies Dannemora – a mine with long history and rich iron resources beneath the surface. In preparation for GRANGEX’s planned restart of Dannemora, the mine’s production processes will be upgraded. The result will be an improved product quality, allowing Dannemora to become an important part of the value chain for the steel industry’s transition to production with minimal carbon dioxide emissions.
Grängesberg
In the recycling of apatite in Grängesberg, the tailings from the iron ore beneficiation at the closed Grängesberg mine will be processed. The byproduct can be used to produce highly enriched apatite. The phosphate mineral apatite is a critical mineral according to the EU’s Critical Raw Materials Act.
Sala Bly
By the old silver mine in Swedish Sala lies Sala Bly. The operation specializes in custom-made products from recycled lead, primarily used in the defense industry and for medical technology applications.