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Mining info
September 2013
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Mining in Finland
Presentation name / Author
Mining in the Nutshell
Kittilä
gold
Metal mine
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Pahtavaara
gold
Industrial minerals
€1.5 billion turnover in mines (2012)
52 operating mines
55 projects at conceptual/ prefeasibility
€81 million in exploration (2011)
€1.3 billion mine development investments (2008–
2011)
€3 billion mine development investments (2012–
2017)
€2.5 billion turnover in mines (in 2015)
30,000 employees in the mineral cluster
Large unexploited deposits remain
Kemi
chrome
Raahe
gold
Lahnaslampi
talc
Hitura
Talvivaara
nickel
Nickel-zinc
Pyhäsalmi
Copper-zinc
Ilomantsi
gold
Siilinjärvi
phosphorus
Polvijärvi
talc
Orivesi
gold
Jokisivu
gold
Parainen
calcite
Source: ETLA 2011
Kevitsa
nickel
Kylylahti
copper
Lappeenranta
calcite
Lohja
calcite
Incentives & programmes
Finnish State Investments
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€60 million – Green Mining program (2011–2016)
€70 million – Mining infrastructure investments
€30 million – allocation for “start-ups” in 2012
€610 million – Current state ownership in the mining cluster
Development and investment grants for growth 15-70 %
Opportunities
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Service & maintenance providers
Engineering companies
Consultants
Security systems and services
Investors
Logistics and infra operators
Base metals - mines and current projects
in September 2012
Name of the mine or project
Metals
Owner
Sakatti
Nickel, copper, PGE
AA Sakatti Mining Oy
Kuhmo
Nickel
Altona Mining Ltd
Outokumpu / Kylylahti
Cu, Au, Zn, Ni, Co
Altona Mining Ltd
Kuhmo
Nickel
Anglo American Exploration B.V.
Hitura
Nickel
Belvedere Resources Finland Oy
Läntinen Koillismaa (LK)
Nickel, PGE
Finore Mining Inc.
Kevitsa
Nickel, copper, PGE
First Quantum Minerals Ltd.
Pyhäsalmi
Zinc, copper, pyrite
Inmet Mining Corp.
Talvivaara
Nickel
Talvivaara Mining Co.
Riikonkoski
Copper, gold
Taranis Resources Inc.
Rautavaara
Nickel, zinc, copper
Western Areas NL & Magnus
Minerals Oy – Joint Venture
Mining operations and projects in Finland
Precious metal mines and current projects in
September 2012 - page 1
Name of the mine or project
Metal
Owner
Iso-Kuotko
Gold
Agnico-Eagle Ltd
Kittilä
Gold
Agnico-Eagle Ltd
Hanhimaa
Gold
Dragon Mining
Kuusamo
Gold
Dragon Mining
Orivesi
Gold
Dragon Mining
Jokisivu
Gold
Dragon Mining
Kaapelinkulma
Gold
Dragon Mining
Kettukuusikko
Gold
Taranis Resources Inc.
Naakenavaara
Gold
Taranis Resources Inc.
Kiekerömaa
Gold
Tertiary Minerals Plc
Rompas
Gold and uranium
Mawson Resources Ltd
Mining operations and projects in Finland
Precious metal mines and current projects in
September 2012 - page 2
Name of the mine or project
Metal
Owner
Suhanko-Konttijärvi
Platinum group elements
Gold Fields Arctic Platinum
Laiva
Gold
Nordic Mines Ab
Hirsikangas
Gold
Belvedere Resources Finland Oy
Ägnesneva
Gold
Belvedere Resources Finland Oy
Otsikonmäki
Gold
Belvedere Resources Finland Oy
Kopsa
Gold
Belvedere Resources Finland Oy
Pahtavaara
Gold
Lappland Goldminers Ab
Haveri
Gold
Lappland Goldminers Ab
Taivaljärvi
Silver
Sotkamo Silver AB
Pampalo
Gold
Endomines AB
Seinäjoki
Gold, antimony
Nortec Minerals Corp.
Mining operations and projects in Finland
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