Mining in Finland

Finland has a long history of mining that goes back to the 15th century. Located on the Fennoscandian shield, Finland has similarities to Canada and Australia indicating strong and largely unexplored mineral potential.

Finland has systematically developed its mining cluster. Today, the cluster consists of more than ten mining related universities and research organizations, more than 200 mining technology and service providers, over 40 mines and ten smelters and steel mills.

Consequently, Finland is considered one of the most attractive mining jurisdictions in the world not only due to its geology, but also due to its well developed and innovative mining ecosystem. According to Fraser Institute’s Annual Survey of Mining Companies 2018, Finland is the number one jurisdiction in the world for mining investments, based on the Investment Attractiveness Index.

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