InfraVia invests $45 million for 6.6% stake in Gruvaktiebolaget Viscaria to develop Europe’s advanced copper mine project in Sweden

Type: Investment · Technology: Mining · Country: Sweden · Value: $45M · Announced: 2026-06-18

InfraVia Capital Partners invested approximately $45 million for a 6.6% stake in Gruvaktiebolaget Viscaria as part of a SEK 2.4 billion ($255 million) capital increase to advance the Viscaria copper mine project in Kiruna, northern Sweden. The fully permitted brownfield underground mine, located within the Viscaria iron oxide-copper-gold (IOCG) belt, is under construction and expected to produce 120,000 tons of copper concentrate annually by 2028, equivalent to 26,000 tons of contained copper. Operations have already commenced, with concentrate production slated to begin in 2028, and the project benefits from direct rail access for exports and readily available hydroelectric power. A memorandum of understanding has been signed with Aurubis AG, Europe’s leading copper smelter, for the offtake of copper concentrate, ensuring a stable market outlet for the mine’s output. The investment underscores copper’s critical role in Europe’s energy transition, supporting decarbonization, industrial resilience, and reduced dependency on external supply chains for a metal central to electrification and digital infrastructure.

Analysis

InfraVia Capital Partners invested approximately $45 million for a 6.6% stake in Gruvaktiebolaget Viscaria as part of a SEK 2.4 billion ($255 million) capital increase to advance the Viscaria copper mine project in Kiruna, northern Sweden. InfraVia Capital is a leading independent European private equity firm specializing in real assets, with €20 billion in assets. Gruvaktiebolaget Viscaria is developing the fully permitted brownfield underground mine, located within the Viscaria iron oxide-copper-gold (IOCG) belt, which is expected to produce 120,000 tons of copper concentrate annually by 2028. The project has a memorandum of understanding with Aurubis AG, Europe’s leading copper smelter, for the offtake of copper concentrate. Operations have already commenced, with concentrate production slated to begin in 2028, in Sweden.

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