International news within the industry of mining and metal, Apr, 24 2019
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Keliber expects 20 years of mining and lithium extraction.

Kelibers ore marker marks boreholes. The Kaustinen area and its surroundings have been known for their spodumene pegmatites since the turn of the 1950s and 1960s. The first indications of the presence of that lithium-containing mineral, spodumene, in the Kaustinen bedrock was obtained in the village of Nikula in 1959. Since then the area has been studied for several decades in several stages. Today, lithium spodumene reserves in Central Ostrobothnia in Finland are among the most significant in Europe. Photo: Keliber
Kelibers ore marker marks boreholes. The Kaustinen area and its surroundings have been known for their spodumene pegmatites since the turn of the 1950s and 1960s. The first indications of the presence of that lithium-containing mineral, spodumene, in the Kaustinen bedrock was obtained in the village of Nikula in 1959. Since then the area has been studied for several decades in several stages. Today, lithium spodumene reserves in Central Ostrobothnia in Finland are among the most significant in Europe. Photo: Keliber
Published by
Markku Björkman - 28 Jan 2019

Finnish mining company Keliber recently arranged a well-attended information meeting for the public in the vicinity of the city of Kokkola in central Finland.

Mining is planned at five different locations in Kokkola, Kaustinen and Kruunukylä. The first mine to be opened is located in Syväjärvi in Ullava in Kokkola and is scheduled to be opened in 2021.

It is about an open pit and the pit would be about 8 hectares and 100 meters deep. The planning for Syväjärvi has come the furthest and the mining permit for that area is clear.

In Rapasaari near Kaustinen, it is about both open pit and a regular mine. In total, this is about a 10-15 hectare big area which many companies would dig on. The other mines Outovesi in Kaustinen, Länttä in Kokkola and Emmes in Kruunukylä are an only few hectares each.

The decisive factor in whether it will be mining 2021 is partly how the permit processes go. And partly how the financing issue solves itself.

Before there is any mining operation, a total of EUR 250 million is needed for the mines, an enrichment plant Kaustinen and a factory in Kokkola.

- It pays to manufacture lithium here. We have our own raw material in the mines for at least 13 years. For the remaining seven years, we can buy raw material from abroad, explains Keliber's business controller Niklas Jansson for the press representatives.

The company expects the investment to repay itself within about five years. Who will invest is unclear at this stage. But according to Jansson, there is interest.

- There is interest as long as we have good figures to show, says Jansson to internet magazine Svenska Yle.

According to Jansson, the mining plans are a big thing for the whole region. It is estimated that 800 people will be employed in the construction phase. After that, about 150 people will work in the mines, at the enrichment plant in Kaustby and in the factory in Kokkola.

The mines must first be taken to an enrichment plant in Kaustinen. From there, it will be transported to the company's factory in Kokkola. There, it is processed into either lithium hydroxide or lithium carbonate.
According to the company's calculations, traffic on highway 13 will increase slightly, up to 15 trucks every day will drive back and forth between Kaustinen and Kokkola.

There will be more traffic between the mines and Kaustinen, probably about a handful of trucks an hour.
One of the by-products from the factory will be sand that can be used by other players in a large industrial area in Kokkola.

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

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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

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