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We focus on developing the Finnish industry
We focus on developing the Finnish industry

Company

We focus on developing the Finnish industry

We are a State-owned company

Finnish Minerals Group (Suomen Malmijalostus Oy) is a special-purpose company wholly owned by the State of Finland, with a task to develop the mining and battery industry in Finland. The current mandate and name were given to our company in June 2018. In 2015–2018, the company operated under the trade name Terrafame Group Oy and focused on the tasks of Terrafame Oy’s parent company.

Today, our mission is to responsibly maximise the value of Finnish minerals. At the same time, we are involved in developing ecosystems, i.e. cooperation networks of companies and organisations that create new business and innovation. 

Governance supports the implementation of strategy

The management and decision-making of our company is based on the Articles of Association, the Limited Liability Companies Act and other legislation in force. We also comply with the government resolution concerning the State’s ownership policy, the corporate governance code of the Prime Minister’s Office, as well as the policies and guidelines adopted by our company’s Board of Directors.

In addition to the parent company Finnish Minerals Group, our Group companies include the multi-metal company Terrafame Oy, which produces special chemicals, mining project company Sokli Oy and Finnish Battery Chemicals Oy, which governs battery material projects.

News about our company

News / 12.02.2024

Finnish Minerals Group and Anglo American to explore joint opportunities to further support Finland’s battery strategy

Finnish Minerals Group and Anglo American, one of the largest mining companies globally, have signed a memorandum of understanding (“MoU”) to work together to explore opportunities to further support Finland’s battery strategy.

Finnish Minerals Group and Anglo American, one of the largest mining companies globally, have signed a memorandum of understanding (“MoU”) to work together to explore opportunities to further support Finland’s battery strategy.

News / 30.10.2023

New minerals containing rare earth elements found in Sokli

Kukharenkoite and cordylite have been found for the first time in Finland in a deposit owned by Finnish Minerals Group.

Kukharenkoite and cordylite have been found for the first time in Finland in a deposit owned by Finnish Minerals Group.