On their face the ore reserves noted seem satisfactory enough, and until the data are examined more critically it is difficult to explain why the relatively large furnishing capacity of the Moscow and other central Russian districts is so far out of line with the comparatively small ore production of that area. As a matter of fact, however, the large total ore reserves credited to central Russia are in reality less important than they seem, owing both to grade of ore and thinness of the ore bodies. From an international viewpoint the ore deposits of southern Russia are the ones which require most attention; for these are so located as to be of importance to foreign competitors, while the total reserve tonnage is high, and the grade of much of the ore is excellent.
[38] Eckel, E. C.: “Iron Ores, Their Occurrence, Valuation and Control,” 1914, p. 326.
Actual available ore reserves of merchantable grade in Russia are estimated at 865 million tons.
Before the Revolution the greater part of the Russian iron and steel industries was controlled by syndicates.[39] The oldest of these consisted of manufacturers of medium sheets (1902); then followed manufacturers of joists and U-iron (1903), axles and tires (1904), iron tubes (1906), rails (1907), and bar iron and hoops. These six syndicates were afterwards combined into one, officially styled the Association for the Sale of Products of the Metallurgical Works of Russia, but generally known as “Prodameta,” from its telegraphic address. There were separate syndicates for wire, wire nails, and roofing sheets. The “Prodameta” consisted, at last advices, of nineteen works, of which sixteen are in southern Russia, and one each in Petrograd, Moscow, and the Ural region. The “Prodameta” expired at the end of 1915, but was provisionally prolonged for one year, and again at the end of 1916 it was extended for a similar period. The aggregate capital of the eighteen works was 198,400,000 roubles, and their net profit for 1915-16 was 76,200,000 roubles.
[39] Ironmonger Metal Market Year-Book, London, 1918.
Sweden.
—The iron-ore fields of Sweden are among the most important in Europe and have for the last ten or fifteen years furnished a large output, which has gone mainly to England and Germany. A relatively small amount of iron ore is used in Swedish iron-smelting works. The iron mines of central Sweden have been actively worked since about the beginning of the twelfth century, whereas those of Swedish Lapland have been developed recently. At present about one-half the output of iron ore in Sweden comes from Swedish Lapland, and the other half from central Sweden.
Swedish Lapland is estimated to have iron-ore reserves amounting to 1,128 million tons. The ores are mostly magnetite associated with igneous rocks and show wide difference in phosphorus content. Certain deposits or parts of deposits are composed of ores that are moderately low in phosphorus, whereas others are high enough to obtain a special bonus from German steel plants that produce high-phosphorus slag for fertilizer purposes. Practically all the ores of Swedish Lapland are exported. In recent years the total production has amounted to about 3,500,000 tons annually. The principal mines are worked by the Trafikaktiebolaget Grängesberg Oxelosund, in which English and German capital is interested with the Swedish government. The Swedish government controls the output of the mines and receives a large sum in royalties on the ore produced. The ore deposits from which ore is being produced at present are Kiruna, Gellivare, and Tuolluvarra, the first two being operated by the firm mentioned above and the last being an independent operation.
The ore reserves of central and southern Sweden are estimated at 140 million tons, included in a great number of relatively small deposits. Most of the mines of central Sweden are controlled by small Swedish operators. Some of the mines, however, such as Blotberg, are to a large extent under German control, and the largest one, Grängesberg, is operated by the same firm that controls the deposits of Swedish Lapland. Some of the ores of central Sweden, such as those of Dannemora, Norberg, Strossa, and Stripa, are very low in phosphorus, and are used in the manufacture of special low-phosphorus iron; others, like those of Grängesberg and Blotberg, contain more than 1 per cent. of phosphorus.