News

News

October

2018

Terrafame decides to invest in battery chemicals plant

25.10.2018

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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