News

News

April

2020

Terrafame has submitted an environmental impact assessment programme to the Kainuu ELY Centre on the exploitation of the Kolmisoppi deposit and the expansion of the mining concession

7.4.2020 10:05

Terrafame has submitted an environmental impact assessment programme (EIA programme) to the Kainuu ELY Centre on 30 March 2020 regarding the exploitation of the Lake Kolmisoppi ore deposit, the waterbody arrangements required for Lake Kolmisoppi and the e...

Read more

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...

Read more

February

2020

Terrafame’s net sales in 2019 totalled EUR 310.4 million – EBITDA for the year was at the 2018 level

21.2.2020 09:00

(The 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.)   Year 2019 in brief Nickel production i...

Read more

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...

Read more

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...

Read more

Terrafame will recover excess energy of its hydrogen plants – technology is used in a new way

13.1.2020 08:00

Terrafame starts to produce process steam by utilizing excess energy streams of its hydrogen plants. In the past, the similar technology has been utilized, for example in power plants, but it is new in hydrogen plants. Energy and water company Adven is re...

Read more

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 ...

Read more

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...

Read more

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...

Read more

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...

Read more

March

2019

Annual Report 2018 has been published

28.3.2019 10:25

Terrafame Ltd has today published its Annual Report 2018 in both English and Finnish. The online report has been divided into sections by themes, and they contain information about business activity, responsibility and management. Also the report of the B...

Read more

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...

Read more

January

2019

Environmental Impact Assessment of Terrafame’s battery chemicals plant completed

8.1.2019 10:27

The Kainuu ELY Centre (Centre for Economic Development, Transport and the Environment) has just published its reasoned conclusion on the Environmental Impact Assessment (EIA) report of Terrafame’s nickel and cobalt sulphate production, i.e. battery chemic...

Read more

December

2018

Public notice of Terrafame's environmental and water permit application has been announced

31.12.2018 09:55

The Northern Finland Regional State Administrative Agency (RSAA) has announced a public notice of the environmental and water permit application by Terrafame covering the company’s entire operation. The application is available for viewing at the municipa...

Read more

October

2018

Terrafame orders crystallisation technology for battery chemicals plant from JordProxa

29.10.2018 11:41

Multi-metal company Terrafame and JordProxa have signed a contract for crystallisation technology for a new plant, which will produce battery chemicals for the manufacture of electric vehicle batteries. The contract includes the planning of the crystallis...

Read more

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...

Read more

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...

Read more

Terrafame and Outotec agree on supply of pressure leaching technology for battery chemicals plant

25.10.2018 13:00

Multi-metal company Terrafame has signed a contract with Outotec for the supply of pressure leaching technology for the battery chemicals plant planned for Sotkamo, Finland. The contract includes the planning of the leaching technology area, the supply of...

Read more

Terrafame selects Sweco as detail engineering designer of its battery chemicals plant

25.10.2018 12:59

The multi-metal company Terrafame has signed a contract with Sweco for the detail engineering design of a battery chemicals plant. Terrafame's own project organisation is leading the project as a whole and is in charge of selecting technology suppliers an...

Read more

EIA report on battery chemicals production now available – A public event will be held in Vuokatti on 31 October 2018

18.10.2018 10:04

The Kainuu ELY Centre (Centre for Economic Development, Transport and the Environment) has published and announced the Environmental Impact Report on Terrafame’s nickel and cobalt sulphate production, i.e. battery chemicals for electric vehicles. The EIA ...

Read more

August

2018

The third hydrogen sulphide production line goes into production

1.8.2018 17:43

Terrafame has commissioned a new hydrogen sulphide production line in its plant area in Sotkamo, Finland. While the new line will increase the production capacity of the metals production plant, it will simultaneously improve the operational reliability o...

Read more

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, ...

Read more

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...

Read more

January

2017

Environmental licence granted to the central water treatment plant by the Regional State Administrative Agency

5.1.2017 15:58

The Regional State Administrative Agency for Northern Finland has granted Terrafame Ltd. an environmental licence, which allows the company to introduce a new central water treatment plant. The plant will gradually replace the smaller water treatment unit...

Read more

September

2016

Terrafame achieved its key targets during the company’s first year of operation

1.9.2016 15:41

The ramp-up of the Terrafame mine, located in Sotkamo, started a year ago as ore mining was recommenced on 1 September, 2015, after a near two-year pause. Despite the highly challenging outset, Terrafame Ltd. has achieved its key targets below the budgete...

Read more

May

2016

Terrafame’s mining operations will continue − the State of Finland is preparing for a managed closure of the mine

25.5.2016 14:31

The Ministerial Committee on Economic Policy has today, on 25 May 2016, discussed Terrafame’s situation and the continuation of its operations. The operational conditions are still met for the ramp-up of the mining operations to continue successfully, and...

Read more