The current holdings of Finnish Minerals Group value a total of 406.8 million euros (December 2017). Our subsidiary Terrafame Oy is our single largest holding, of which Finnish Minerals Group owns 77.1%.
Terrafame Oy has consistently grown its production levels quarter by quarter and its net sales have doubled from the previous year to 162.4 million euros in H12018 – with positive EBITDA.
We also coordinate and participate in significant international R&D projects such as NEMO, which is an EU research project targeting the near-zero-waste recycling of low-grade sulfidic mining waste. Total budget of the NEMO-project is nearly 15 million euros.
Finnish Minerals Group currently employs 11 people, and we are constantly screening new or existing projects to potentially invest in.
Finnish Minerals Group informs about its operations regularly in the annual report. The company operated until May 2018 under the name Terrafame Group Oy.