FINLAND Mining News

Mining company Outotec cuts full-year target citing project problems

Outotec now expects its adjusted 2018 EBIT margin to be in the range of 5-6% against the previous target of 5-7%.

Trafigura-backed Finnish miner Terrafame to build EV battery plant

"Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021," Joni Lukkaroinen, CEO of Terrafame

Mining tech firm Outotec warns on project problems, shares plunge

Malfunctioning furnaces tank Outotec's shares.

BASF and Nornickel join forces in European EV battery push

The move is part of BASF plans to invest up to 400 million euros ($462 million) as a first step in building production plants for cathode materials in Europe.

Mining tech firm Outotec to pull out of Iran

Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions.

The 30 countries leading the way in environmental credentials

Many nations around the world have been focussing on improving their environmental practices.

Why battery miners are swarming Europe’s biggest rock collection

Being home to Europe’s biggest rock collection has finally come in handy for Sweden

Diamonds are a Canadian miner's best friends in Finland

Arctic Star reports positive results from The Timantti Diamond project.

New shaft will extend EU's largest gold mine to 2035

The biggest gold mine in the European Union is getting a new lease on life, thanks to a shaft sinking project that will increase throughput by 25%.

Irish diamond miner to expand in Finland

Karelian Diamond Resources was granted a four-year exploration claim in the Kaavi region.

Finland to get rid of coal by 2030

The head of Finland’s energy department announced that the country will introduce legislation to phase out coal and increase carbon taxes

Metso searches for top execs, as it splits minerals services business

The division will be divided into two separate units beginning 2018 — Minerals Services and Minerals Consumables.

Finland inks $266 million deal to revitalize Europe's largest nickel mine 

A large but troubled nickel mine in Finland may be back on the road to profitability thanks to a recent deal that saw commodities trader Trafigura take a 15.5 percent stake.

Finland cancels plan to close troubled nickel mine

Finland's government decided Friday to grant new public funding for its troubled Talvivaara mine, cancelling a previous plan to permanently close what was once the European Union's biggest nickel mine.

Metso keeps suffering from global mining slump

The Finland-base supplier posted a lower-than-expected quarterly profit and new orders, as miners are not spending much on grinding mills and crushers.

Metso shapes the industry by introducing easier ways of buying, maintaining and operating aggregates equipment

Metso continues to meet its customers' needs and to shape the industry conventions by expanding its services offering for the aggregates industry with unique Life Cycle Services programs.

Panama Papers links Metso to alleged sales fraud

A Russian sales manager for Metso's automation division is said to have skimmed money off invoices and cycled the funds through several bank accounts and firms until they ended up in Panama.

Metso awarded contract with Gécamines in Senegal

Gécamines renews their confidence in Metso's complete plant design and installation for their aggregate production near Dakar, Senegal.

First Quantum sells nickel-copper-platinum mine in Finland for $712 million

Swedish mining and smelting company Boliden AB will pay cash for Kevitsa mine.

Metso cutting 44 jobs from minerals division in Finland

The cuts follow a number of reductions announced for the U.S. and Canada last year.

Criminal investigation of a Finnish conservation group requested by Vancouver-based Mawson Resources

The Vancouver-based miner claims the Finnish Association for Nature Conservation’s (FANC) Lapland chapter is willfully misleading the courts in its appeal of an exploration permit decision — a criminal act under Finnish law.

Metso to shut mining equipment plant in Pennsylvania next year

The closure, part of a major business restructuring, will affect about 80 people currently employed at the plant.

Metso places mining division in back burner as sales remain poor

Metso and its peers in a Nordic cluster of mining gear suppliers, including Atlas Corp., Sandvik and FLSmidth have been squeezed by spending cuts among miners in the last three years.

Canada’s Saskatchewan second only to Finland as world’s top mining destination

The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.

Swedish iron ore miner Northland Resources goes bankrupt

Affected by anemic iron ore prices, the Swedish firm joins an increasing number of miners that have fallen by the wayside.