News

News

March

2020

Terrafame’s Financial Review 2019 is published

5.3.2020 16:02

Terrafame Ltd’s Financial Review 2019 has been published today. The Financial Review includes the Board of Directors' Review and the Financial Statements (FAS) for the period 1 January - 31 December 2019. In addition, Terrafame has published its Corpor...

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February

2020

Government grants uranium recovery permit to Terrafame

6.2.2020 13:48

The Finnish Government has today, 6 February 2020, decided to grant a uranium recovery permit to Terrafame. The company submitted the permit application for uranium recovery under the Nuclear Energy Act (990/1987) to the Finnish Government on 30 October 2...

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January

2020

Terrafame launches an EIA procedure for using the ore deposit in Kolmisoppi and expanding the mining concession to meet future needs

30.1.2020 13:15

Terrafame’s mining concession in Sotkamo has the largest nickel ore reserves in Europe. The other metals recovered from the ore are zinc, cobalt and copper. Starting in 2021, nickel and cobalt will be refined in the company’s own battery chemicals plant t...

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October

2019

Terrafame’s net sales in January–September 2019 were EUR 243.6 million – EBITDA 29% in July–September

24.10.2019 12:00

(The financial interim data from Terrafame Ltd presented in this factsheet are unaudited FAS figures. Unless otherwise stated, the figures in parentheses refer to the corresponding period of the previous year.)   January–September 2019 in brief ...

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July

2019

Terrafame’s net sales during the first half of 2019 amounted to EUR 141.0 million – profitability was burdened by lower prices and a maintenance break

26.7.2019 09:00

(The financial interim data from Terrafame Ltd presented in this release are unaudited FAS figures. Unless otherwise stated, the figures in parentheses refer to the corresponding period of the previous year.)   January−June 2019 in brief Nick...

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June

2019

Adven is implementing a renewable energy-based power plant for Terrafame’s new battery chemicals plant

18.6.2019 09:00

Terrafame and Adven have agreed to implement a new energy plant based on renewable energy for the new Terrafame’s battery chemicals plant in Sotkamo. At the same time, the energy co-operation between the two companies will deepen further, as Adven will fr...

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April

2019

Terrafame posts first quarter net sales of EUR 81 million and positive operating profit

26.4.2019 09:00

(The quarterly financial data from Terrafame Ltd presented in this report are unaudited FAS figures. Unless otherwise stated, the figures in parentheses refer to the corresponding period of the previous year.)   January−March 2019 in brief Nic...

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February

2019

Terrafame’s net sales EUR 325.8 million – the company achieved its annualised target for nickel production

21.2.2019 10:00

(The 2018 financial data from Terrafame Ltd presented in this factsheet are unaudited FAS figures. Unless otherwise stated, the figures in parentheses refer to the corresponding period of the previous year.)   January−December 2018 in brief Ni...

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October

2018

Terrafame decides to invest in battery chemicals plant

25.10.2018 13:05

Multi-metal company Terrafame’s Board of Directors has made a positive investment decision on 24 October 2018 regarding the battery chemicals plant. The plant, which will produce chemicals used in electric vehicle batteries (EVB), will be located at the c...

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Terrafame’s net sales in the third quarter totalled EUR 86.0 million – positive EBITDA, operating result and cash flow

25.10.2018 13:03

Key figures in July−September 2018 (Q3 2017 reference period in parentheses) 7,326 tonnes of nickel (5,506) and 16,530 tonnes of zinc (12,242) were produced. Net sales totalled EUR 86.0 million (63.9). EBITDA was EUR 12.9 million (47.6). EBI...

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July

2018

Terrafame’s net sales in H1 totalled EUR 162.4 million – positive EBITDA and operating result

27.7.2018 10:00

Key figures in January−June 2018 (H1 2017 reference period in parentheses) 12,341 tonnes of nickel (9,963) and 29,104 tonnes of zinc (20,995) were produced. Net sales totalled EUR 162.4 million (88.5). EBITDA was EUR 20.9 million (-51.3). EBI...

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May

2018

Terrafame Group’s mission and name to change

18.5.2018 11:14

The Ministerial Committee on Economic Policy of the Finnish Government has decided to endorse the reorganising of the State’s mining industry holdings into a new holdings and development company. This will advance the development of Finland’s battery and ...

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Terrafame’s net sales continued to grow – EBITDA of first quarter totalled EUR 9.8 million

2.5.2018 13:02

Key figures in January−March 2018 (Q1 2017 reference period in parentheses) 6,421 tonnes of nickel (4,787) and 15,008 tonnes of zinc (9,791) were produced. Net sales totalled EUR 85.7 million (41.3). EBITDA was EUR 9.8 million (-18.4). EBITDA...

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January

2018

Terrafame’s net sales more than doubled in 2017 – EBITDA positive

24.1.2018 10:04

Key figures in January−December 2017 (2016 reference period in parentheses) 46,200 tonnes of nickel (37,042) and 91,827 tonnes of zinc (70,299) were stacked on the primary heap. 20,864 tonnes of nickel (9,554) and 47,205 tonnes of zinc (22,575) w...

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November

2017

Terrafame Ltd. plans nickel and cobalt chemicals production for battery applications

10.11.2017 10:25

Multi-metal company Terrafame Ltd. is planning to invest in nickel and cobalt chemicals production for use in battery applications. The background for the investment is the fast growing demand for battery applications used in electric vehicles. Today, ...

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New private financing for Terrafame to support future investments

10.11.2017 10:06

Terrafame Group Ltd. (“Terrafame Group”) and Terrafame Ltd. (“Terrafame”) have on November 9, 2017 agreed with Galena Asset Management (“Galena”), Trafigura Group (“Trafigura”) and Sampo plc (“Sampo”) on a funding package to support Terrafame’s future inv...

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October

2017

Terrafame submitted its application to the Finnish government for a permit to recover uranium

31.10.2017 10:24

Multi-metal company Terrafame Ltd. has submitted its application to the Finnish government for a permit to recover uranium, in accordance with the Finnish Nuclear Energy Act (990/1987). The company announced its intention to apply for the permit on 25 Oct...

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Terrafame’s third quarter net sales totalled EUR 63.9 million – profitability improved clearly

25.10.2017 10:09

Key figures in July−September 2017 (Q2 2017 reference period in parentheses) 13,192 tonnes of nickel (11,038) and 25,697 tonnes of zinc (23,149) were stacked on the primary heap. 7,197 tonnes of nickel (5,361) and 13,027 tonnes of zinc (12,657) w...

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Terrafame has decided to apply the Finnish government for a permit to recover uranium

25.10.2017 08:30

Multi-metal company Terrafame Ltd. has decided to apply the Finnish government for a permit to recover uranium, in accordance with the Finnish Nuclear Energy Act (990/1987). Terrafame intends to submit the permit application in the weeks to come. If the g...

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July

2017

Terrafame’s nickel production in H1 exceeded the production volume of the whole previous year − Net sales totalled EUR 88.5 million

28.7.2017 10:01

Key figures in January−June 2017 (H1 2016 reference period in parentheses) 21,108 tonnes of nickel (14,391) and 43,388 tonnes of zinc (27,543) were stacked on the primary heap. 10,447 tonnes of nickel (3,653) and 23,037 tonnes of zinc (8,451) wer...

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May

2017

The Supreme Administrative Court issued its decision on Terrafame’s environmental permit matters: the mine’s operations may continue in a responsible manner and as planned

10.5.2017 08:58

The Supreme Administrative Court (SAC) issued its decision on Terrafame Ltd.’s environmental permit matters today on 9 May 2017. In practice, the SAC’s decisions mean that Terrafame may continue the ramp-up and development of its operations with the aim o...

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April

2017

Terrafame has published its Annual Report 2016

27.4.2017 10:00

Terrafame Ltd. has today on published its Annual Report 2016. The web report contains a business review, corporate governance statement as well as annual reviews by the Board of Directors of Terrafame Ltd. and the Board of Directors of Terrafame Group Ltd...

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February

2017

Terrafame secured private financing

10.2.2017 14:22

Terrafame Group Ltd., Terrafame Ltd., Trafigura Group and its investment arm Galena Asset Management have today on February 10, 2017, agreed on a funding arrangement and long term commercial collaboration. Terrafame Group and Sampo plc act as co-investors...

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January

2017

Terrafame’s EBITDA positive in the fourth quarter of 2016 – Full-year net sales exceeded EUR 100 million

19.1.2017 13:34

Key figures in January−December 2016 14.2 million tonnes of ore was stacked on the primary leaching heaps. 11,584 tonnes of nickel and 27,868 tonnes of zinc were leached. 9,554 tonnes of nickel and 22,575 tonnes of zinc were produced. Net sale...

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November

2016

Terrafame: the prerequisites for profitable mining operations strengthened significantly in the third quarter

7.11.2016 13:05

Ramp-up and operations of the mine in brief: In July–September 2016, the ramp-up and operations of the Terrafame mine continued to proceed according to plans. The most central production goals were met and costs were below budget in the third quarter. ...

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July

2016

The ramp-up performance of the Terrafame mine improved as planned in the second quarter

27.7.2016 14:57

Ramp-up and operations of the mine in brief: In January–June 2016, the ramp-up and operations of the Terrafame mine proceeded according to plans. Production goals were met and costs were below budget in the second quarter. In addition, occupational saf...

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April

2016

Terrafame has published its Annual Report 2015

14.4.2016 09:12

Terrafame Ltd. has today on 14 April 2016 published its Annual Report 2015 on annualreport2015.terrafame.fi. The web report contains a business review, corporate governance statement as well as reviews by the Board of Directors of Terrafame Ltd. and the B...

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The ramp-up of the Terrafame mine continued according to plan in early 2016

14.4.2016 09:06

Ramp-up and operations of the mine in brief:   The ramp-up of the Terrafame mine proceeded in 2015 and in January–March 2016 in accordance with the set targets. The amount of ore stacked on the primary heap in January–March totalled 2.7 million...

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Terrafame discharges purified waters to ensure dam and environmental safety

8.4.2016 14:10

Terrafame Oy starts today on 8 April 2016 additional discharges of purified waters from the mining area in the Sotkamo mine. The aim of the discharges is to ensure dam safety and environmental safety. According to Terrafame’s assessment, the water at the ...

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