International news within the industry of mining and metal, Apr, 24 2019
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Mawson started deep drilling in Ylitornio

During the deep drills in winter, the company Mawson is investigating the extent of the gold and cobalt mineral reserves in the area. Photo: Mawson
During the deep drills in winter, the company Mawson is investigating the extent of the gold and cobalt mineral reserves in the area. Photo: Mawson
Published by
Markku Björkman - 07 Feb 2019

The exploration company Mawson has started deep drilling in Ylitornio. Newly, the company received an exploration permit for the Rajapalo area, which currently employs two drilling equipment of four.

- The extension of the permit means an investment of 3 million euros and the employment of 70 people for the current winter alone, the company's bulletin explained.

During the deep drills in winter, the company is investigating the extent of the gold and cobalt mineral reserves in the area. At the beginning of February Mawson organized a public event in Ylitorni, where it presented its plans to local people.

The meeting held at the Ylitornio Town Hall gathered the interested people in the hall. The exploration company told that the attended public asked questions such as about the Limestone Mineral Reserve, the opening of a potential mine and changes to the Mining Act. Instead, on exploration in the Natura conservation area, there was only one person who directed a question to the company representatives.

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

New silver mine opened in Finland

"150 trucks pro year"

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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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"revolutionary steel industry changeover"

- The Swedish initiative for fossil-free steel production, HYBRIT, participates this week at the...