Outotec now expects its adjusted 2018 EBIT margin to be in the range of 5-6% against the previous target of 5-7%.
FINLAND Mining News
"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
Malfunctioning furnaces tank Outotec's shares.
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.
Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions.
Many nations around the world have been focussing on improving their environmental practices.
Being home to Europe’s biggest rock collection has finally come in handy for Sweden
Arctic Star reports positive results from The Timantti Diamond project.
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%.
Karelian Diamond Resources was granted a four-year exploration claim in the Kaavi region.
The head of Finland’s energy department announced that the country will introduce legislation to phase out coal and increase carbon taxes
The division will be divided into two separate units beginning 2018 — Minerals Services and Minerals Consumables.
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'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.
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.
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.
Gécamines renews their confidence in Metso's complete plant design and installation for their aggregate production near Dakar, Senegal.
Swedish mining and smelting company Boliden AB will pay cash for Kevitsa mine.
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.
The closure, part of a major business restructuring, will affect about 80 people currently employed at the plant.
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.
The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.
Affected by anemic iron ore prices, the Swedish firm joins an increasing number of miners that have fallen by the wayside.