FINLAND Mining News

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.

Rare earth, other mining projects pile up in northern Europe

Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.

Weir abandons $6.1bn bid to buy rival Metso

The Finnish firm rejected a sweetened multibillion-dollar bid on the grounds that it was "significantly" undervalued and appeared "opportunistic."

Metso rejects Weir’s $5.5 billion merger approach

The combined equipment manufacturer would be listed on both the London and Helsinki Stock Exchanges.

Greenland embraces mining rush, but won’t ‘favour one country alone’ — Prime Minister

Arctic region's vast riches set to attract over $100 billion in investments over the next decade.

Alberta most attractive mining destination in Canada, third worldwide

Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.

Suppliers Metso, Sandvik still hurting from slowdown

Metso's Q3 mining and construction orders fell 19%. Sandvik's net profit fell 22%.

Fraser Institute ranks Finland and Sweden top mining destinations

Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.

Northland Resources undergoing reconstruction, delisting from TSX

Projects in northern Sweden and Finland.

Belvedere reports financial and operating results for third quarter of 2012

Highlights: Production of 535.9 tonnes of nickel in concentrate, revenues of CDN$ 8.49 million (Q2 2012: CDN$ 11.38 million).

Finland has plans afoot to phase out coal

Finland could become the first European country to end usage of coal in energy production.

Survey: Finland is top mining destination, Mexico jumps 16 places

Australia's Dragon Mining announced the discovery of a promising new area of gold deposits in Kuusamo, Finland, only hours after the country was announced as the top destination for mining and oil investment by a trade magazine.