International news within the industry of mining and metal, Oct, 18 2018
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Finnish mining investments in growth

Outokumpus Kemi mine seen from the Kemi City Hall roof. Image: Wikimedia, courtesy: Estormiz -
Outokumpus Kemi mine seen from the Kemi City Hall roof. Image: Wikimedia, courtesy: Estormiz -
Published by
Markku Björkman - 29 Jan 2018

The year 2018 could become a good year for Finnish the mining industry, even better than last year, estimates the country´s mining industry itself.

Kittilä is Europe's largest gold mine where occupational safety is the top priority. The global economy is on the rising track and raw material prices have stabilized.

Ore researches increased in Finland last year and new applications for authorization were sent to officials. New projects will attract new research investments for tens of millions of euros. In actual mining investments, a clear growth cycle is starting again.

- The Outokumpu Chrome Kemi mine and Terrafame have already announced significant investments. Likewise, Sotkamo Silver's mining project in Sotkamo and Keliber's lithium mining project in Kaustinen are progressing, says Pekka Suomela, Executive Director of the Mining Industry.

The mining industry estimates that investments in the sector will clearly increase by more than EUR 500 million by 2020. As the mining sector grows and invests, there is an opportunity in the industry to increase its exports.

Finland also benefits from rising demand for electric cars, for example. Finland is part of a chain of key chemical chemicals such as lithium, nickel and cobalt in Europe. The concentration of metal processing in Harjavalta and Kokkola plays an important role in the production.