International news within the industry of mining and metal, Apr, 24 2019
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Metals are extracted in record pace in Finland

Canadian policy think-tank Fraser Institute has named Finland as the most attractive jurisdiction in the world for mining investment. Photo: Metso Corporation
Canadian policy think-tank Fraser Institute has named Finland as the most attractive jurisdiction in the world for mining investment. Photo: Metso Corporation
Published by
Markku Björkman - 27 Nov 2018

Metal ore is now recovered more than ever in the history of Finnish mining. The extraction of metal ore has increased by 13 per cent and the recovery of industrial spirits by 7 per cent since 2016. These data are shown in an industry report on the mining industry, published on 21 November.

Investments in mining and ore mining continued to increase in 2017. Total investments in the extraction of metal ore amounted to about 480 million euros in 2017, which is a clear increase from the year before. The mining investment and development programs for the next few years are worth about one billion euros.

Battery minerals arouse much interest at the moment. The interest is primarily seen in the form of an increase in the number of cobalt and lithium digestion applications.

- The energy change and climate targets increase the need for raw materials to a considerable extent. We have excellent opportunities to take advantage of this and increase the value added of ore in Finland. The state is prepared to promote the development of a Finnish value chain in battery manufacturing and to make efforts on it, as far as research and product development, corporate operating conditions as investments are concerned, says Minister for Industry, Mika Lintilä.

Even the circular economy, which exceeds the boundaries of the industry's value chains, brings new opportunities for the mining and metal processing industry. Utilization of by-products from the process industry is being investigated in several mines.

At the mine in Kittila, a pilot attempt was made during the autumn using geopolymers in cover structures. The geopolymers should replace cement. Ferrovan Oy is preparing a factory to handle vanadium-containing steel slag from SSAB's plants in Brahestad and Luleå and produce ferrovanadium. Ferrovanadium is used as an alloying substance in the manufacture of particularly strong grades of steel.

Expecting the global market outlook for metals and other mineral products is challenging in terms of both demand and supply.

"The world political situation is tense in many respects, and many individual factors can affect, in turn, a significant impact on, among other things, world market prices and the availability of metals. The positive economic development and demand for metals and minerals have a direct impact on the industry's improved position, says the report's compiler, industry manager Heino Vasara of the Lapland business, traffic and environmental centre.

New mines are planned
In the mining and extraction industry, activity was again lively in 2017. Most ores were extracted at Terrafame mine in Sotkamo. In total, the breakdown (ore and grey mountain) was greatest at the mine Boliden Kevitsa, and the largest industrial miner mine was Siilinjärvi mining.

A total of nine metal ore mines and 27 industrial minerals were operating in Finland in 2017.

Many ore mining and mining projects are underway. Of these, Sotkamo Silver Ltd's projects have come the furthest. It is planned that four previously closed mines will be reopened, and five other mining projects will be ongoing.

The industry report on the mining industry 2018 was published on 21 November 2018 at the FinnMateria 2018 fair in Jyväskylä. The report addresses the current situation and prospects for the industry.

The property lies in the famous Cobalt province and is approximately 47 km south of the town of Cobalt. The picture shows an old mine in the town of Cobalt. In the early 1900s, the area was heavily mined for silver; the silver ore also contained cobalt. By 1910, the community was the fourth highest producer of silver in the world. Mining declined significantly by the 1930s, together with the local population. In late 2017 one publication referred to Cobalt as a ghost town, but the high demand for cobalt, used in making batteries for mobile devices and electric vehicles, is leading to great interest in the area among mining companies. Photo: Wikipedia, credit: P199
The property lies in the famous Cobalt province and is approximately 47 km south of the town of Cobalt. The picture shows an old mine in the town of Cobalt. In the early 1900s, the area was heavily mined for silver; the silver ore also contained cobalt. By 1910, the community was the fourth highest producer of silver in the world. Mining declined significantly by the 1930s, together with the local population. In late 2017 one publication referred to Cobalt as a ghost town, but the high demand for cobalt, used in making batteries for mobile devices and electric vehicles, is leading to great interest in the area among mining companies. Photo: Wikipedia, credit: P199

Quantum Cobalt Completes First Pass Exploration Near Temagami, Ontario

Sotkamo Silver consists of the parent company, Sotkamo Silver AB, with one wholly-owned subsidiary in Finland: Sotkamo Silver Oy. Sotkamo Silver develops silver, gold and zinc deposits in the Nordic region. The Company has completed the Definitive Feasibility Study for the Silver Mine project and is working on project financing issues. Photo: Sotkamo Silver
Sotkamo Silver consists of the parent company, Sotkamo Silver AB, with one wholly-owned subsidiary in Finland: Sotkamo Silver Oy. Sotkamo Silver develops silver, gold and zinc deposits in the Nordic region. The Company has completed the Definitive Feasibility Study for the Silver Mine project and is working on project financing issues. Photo: Sotkamo Silver

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The joint initiative called HYBRIT of SSAB, LKAB and Vattenfall – here with their three representatives at the fair, from right, Martin Pei technology manager at SSAB, Jan Moström CEO of LKAB and Martin Lindqvist, CEO of SSAB. HYBRIT is now on exhibit as an exciting sustainability collaboration at one of the worlds largest industrial trade fairs in Hanover. The CEOs of the three companies are in Germany to show the rest of Europe that it is possible to produce fossil free steel. Photo: SSAB
The joint initiative called HYBRIT of SSAB, LKAB and Vattenfall – here with their three representatives at the fair, from right, Martin Pei technology manager at SSAB, Jan Moström CEO of LKAB and Martin Lindqvist, CEO of SSAB. HYBRIT is now on exhibit as an exciting sustainability collaboration at one of the worlds largest industrial trade fairs in Hanover. The CEOs of the three companies are in Germany to show the rest of Europe that it is possible to produce fossil free steel. Photo: SSAB

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