The current holdings of Finnish Minerals Group value a total of 426.8 million euros (December 2018). Our subsidiary Terrafame Oy is our single largest holding, of which Finnish Minerals Group owns 72,0%.
Terrafame Oy has consistently grown its production levels. Its net sales in 2018 was EUR 325,8 million and EBITDA EUR 32,8 million positive.
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 13 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.