Terrafame Oy is a multi-metal company producing nickel, zinc, cobalt and copper at its mine and metals production plant located in Sotkamo, Finland. The company aims to conduct environmentally sustainable, safe and profitable operations. Its unique assets – extensive mineral resources and the bioleaching technology – enable the company to provide high-quality, low-carbon footprint products to global markets.
At the end of 2019, Terrafame employed over 750 skilled professionals. There were about 70 partner companies working regularly at the site and the total amount of employees was nearly 1,500. In 2019, Terrafame produced 27,468 tonnes of nickel and 55,222 tonnes of zinc, which are its main products. EBITDA during the year was EUR 32,0 million. Financial figures from 2020 will be published in the end of February.
The building of Terrafame’s battery chemicals plant is progressing on schedule. In addition to nickel and cobalt sulphates used in the electric vehicle batteries, the plant is to produce ammonium sulphate, used as a fertilizer, for example.
At the end of 2020, Finnish Minerals Group held a 66,8 per cent stake in Terrafame. It exercises the owner's power, manages the State ownership and supports Terrafame’s business development through active ownership and R&D operations.
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