Finnish
Minerals
Group

Terrafame Oy

Terrafame Oy is a multi-metal company producing nickel, zinc, cobalt and copper at its mine and metals production plant located in Sotkamo, Finland. It aims to conduct environmentally sustainable, safe and profitable operations. Its unique assets – extensive mineral resources and the bioleaching method – enable the company to provide high-quality and low carbon footprint products to global markets.

Terrafame employs approximately 650 skilled professionals and has a network of 630 partner employees working regularly at the site. It has consistently grown its production levels quarter by quarter and its net sales have doubled from the previous year – with positive EBITDA. In the first half of 2018, Terrafame produced record levels of its main products: 12,341 tonnes of nickel and 29,104 tonnes of zinc that were produced at the metals production plant. 

The detailed engineering and permitting of Terrafame’s battery chemicals plant is progressing on schedule. In addition to nickel and cobalt sulfates used in the batteries of electric vehicles, the plant is to produce ammonium sulfate, used in e.g. fertilizers.

Finnish Minerals Group currently owns 77.1% of Terrafame Oy. It exercises the owner's power, manages the state ownership and supports Terrafame’s business development through active ownership and R&D operations.

Finnish Minerals Group’s ownership 77.1%.

Read more at www.terrafame.com.