News

News

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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Sotkamo municipality grants building permit for battery chemicals plant

6.7.2018

Terrafame has obtained a building permit from the municipality of Sotkamo for its planned battery chemicals plant. The municipality’s building permit authorities have granted the permit for two buildings in accordance with the application, which was submi...

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June

2018

Publishing of first half 2018 financial report on 27 July

18.6.2018

Terrafame Ltd will publish the first half financial report on Friday, 27 July 2018 at about 10am EET on the company website. The press conference for media will be held at Terrafame in Sotkamo, Finland. Invitation to the media will be sent in the week ...

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May

2018

Terrafame hires around 90 summer employees

31.5.2018

Terrafame is hiring around 90 employees for the summer season. Most of the recruits are students, but senior people have also been hired. The first summer employees began work in April. According to the principles of the Finnish responsible summer job ...

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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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Annual Report 2017 has been published

2.5.2018

Terrafame Ltd has today published its Annual Report 2017 in both English and Finnish. The online report includes the management reviews as well as sections covering business activity, responsibility and corporate management. Also the financial statements ...

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April

2018

Publication of first quarter 2018 interim report on 2 May 2018

19.4.2018

Terrafame Ltd will publish its first quarter interim report on Wednesday, 2 May 2018 at about 1pm EET on the company’s website. The press conference for media will be held in Sotkamo, Finland. Invitation to the media will be sent in the previous week. ...

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March

2018

Battery chemicals plant progresses to Environmental Impact Assessment

20.3.2018

Terrafame is beginning preparations for the Environmental Impact Assessment (EIA) of the battery chemicals plant it is planning to establish. Before the EIA procedure, a preliminary consultation will be organised between the key authorities and Terrafame....

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Toni Kohonen to be Terrafame’s sponsored player

15.3.2018

Sotkamon Jymy, playing pesäpallo, the Finnish variety of baseball, in Finland’s top league, has chosen pitcher Toni Kohonen as Terrafame’s sponsored player for 2018–2019. He is one of the most successful pesäpallo players of all time in Finland. Being ...

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February

2018

Kokkola, Kannus and Kaustinen visited Terrafame during their field trip

16.2.2018

The municipal boards and administrative personnel from Kokkola, Kannus and Kaustinen visited Terrafame during their field trip to Kainuu. The guests were told about recent developments at Terrafame, the popularisation of electric cars and the possibilitie...

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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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Publication of fourth quarter 2017 interim report on 24 January

16.1.2018

Terrafame Ltd. will publish its fourth quarter interim report on Wednesday, 24 January at about 10 am EET on the company’s website. The press conference for media will be held in Helsinki. Invitation to the media will be sent in the week of publication. ...

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Terrafame joins domestic water supply network

12.1.2018

Terrafame has joined the water supply network and is now obtaining domestic water from the local Jormasjoki water cooperative (Jormasjoen vesiosuuskunta). Water from the water supply network will be used only for domestic purposes such as cooking, drinkin...

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December

2017

Operating permit to research extraction process granted by Radiation and Nuclear Safety Authority

18.12.2017

The Finnish Radiation and Nuclear Safety Authority (STUK) has granted Terrafame a permit for a laboratory trial to research the extraction process of recovering uranium. The same research will also cover the recovery of rare earth elements. Terrafame is p...

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November

2017

Road authority have started plan for Road 8714

30.11.2017

The Centre for Economic Development, Transport and the Environment for North Ostrobothnia, which is the region’s authority on roads, is preparing a road plan for the closing of the section of Road 8714 between Lahnasjärvi and Road 870. The preparation of ...

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A rescue exercise for smoke divers in realistic conditions

27.11.2017

Terrafame’s fire brigade and the Kainuu Regional Rescue Authority organised a partly joint rescue drill at Pirttimäki, about 10 kilometres from Terrafame's site, during the weekend. During the drill, the buildings in an old derelict school courtyard were ...

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Exploratory drilling starts in secondary leaching area

23.11.2017

Terrafame is performing exploratory drilling in its secondary leaching area, i.e. in a second stage bioleaching area. Drilling and analysis will enable the investigation of how metals have leached from the ore at the first heap from three layers stacked s...

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Members of Parliament from Oulu constituency visit Terrafame

22.11.2017

A group of MPs from the Oulu constituency has visited Terrafame to become acquainted with the company's operations. During the visit, they were given a general introduction to Terrafame and briefed on its latest developments. They were also given a bus to...

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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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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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Terrafame Ltd. concludes cooperation negotations

18.10.2017

Multi-metal company Terrafame Ltd. has concluded cooperation negotiations which the company began with all personnel groups in the beginning of September. The negotiations between the company and the personnel were aimed at finding a solution for adapting...

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Publication of third quarter 2017 interim report on 25 October

16.10.2017

Terrafame Ltd. will publish its third quarter interim report on Wednesday, 25 October at about 10 am on the company’s website. The press conference for media will be held in Helsinki this time. Invitation to the media will be sent in the week of publicati...

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August

2017

Terrafame Ltd. has submitted an application for an environmental permit concerning all its operations

31.8.2017

Terrafame Ltd. has submitted an application for an environmental permit to the Regional State Administrative Agency of Northern Finland. The application concerns the company’s mining and metals production operations in Sotkamo. The permit ensues from the ...

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Terrafame to improve efficiency after the ramp-up has stabilised

28.8.2017

Multi-metal company Terrafame Ltd. has continued the systematic ramp-up of production since September 2015 at its site located in Sotkamo. During the first half of 2017, nickel production already exceeded the total production volume of 2016. In addition t...

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EIA report on Terrafame’s mining operations published

25.8.2017

Opinions and statements on the Environmental Impact Assessment (EIA) report concerning Terrafame’s mining operations (i.e. production) can be submitted to the Kainuu Centre for Economic Development, Transport and the Environment until 24 October 2017.   ...

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Test operations on the dumping and possible utilisation of waste rock have begun

15.8.2017

Terrafame has begun research into the leaching and behaviour of waste rock during dumping. The aim of the research is to collect data for the planning and inspection of base structures in waste rock areas and to investigate the possibilities of financiall...

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Terrafame to cheer Sotkamon Jymy in a charity game on 20 August

8.8.2017

Terrafame will host the first quarter-final game of Sotkamon Jymy on 20 August 2017 at 3 p.m. Sotkamon Jymy plays in men’s top division of the Finnish native sport ‘pesäpallo’ (Finnish baseball). The home game at the Hiukka pesäpallo stadium will be a cha...

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A momentary discharge caused by human error from the mining site towards Pirttipuro

4.8.2017

Due to a fault situation resulting from human error, unpurified water has been discharged outside the mining site for a maximum duration of 24 hours (28 July – 29 July 2017). Normally, the waters are directed to a settling pond and from there to the proce...

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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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Rescue drill in open pit mine generated valuable experience

20.7.2017

The rescue drill held in Terrafame’s Sotkamo mine on 19/07/2017 proceeded in accordance with the objectives concerned. Valuable experience was gained from the drill, situated in an open pit mine, which will help not only Terrafame’s fire brigade but also ...

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Publication of second quarter 2017 interim report on 28 July

18.7.2017

Terrafame Ltd. will publish its second quarter interim report on Friday, 28 July at about 10 am on the company’s website. The press conference for media will be held in Helsinki this time. Invitation to the media will be sent earlier in the week of public...

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A study on bilberries and potatoes grown near the mining site published

17.7.2017

As part of its environmental impact assessment programme, Terrafame has published a study of the pollutant content of plants and areas under cultivation near its mining site. The study concerns the heavy metal content of the topsoil of the agricultural fi...

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June

2017

Terrafame starts to productise copper

28.6.2017

A multi-metal company Terrafame Ltd. will launch industrial-scale testing at its plant located in Sotkamo to explore the productisation of copper. Research activities are geared towards reducing the consumption of hydrogen sulphide currently used in produ...

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Terrafame is preparing laboratory-scale extraction trial of rare earth elements and uranium

21.6.2017

Terrafame Ltd. is preparing trial extraction of rare earth elements and uranium. The purpose of the laboratory scale trial is to gain information about the functioning of the solvent extraction process. The company is constantly engaged in various trial a...

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The spring overturns of Lake Nuasjärvi and Lake Jormasjärvi completed as expected

20.6.2017

The natural spring overturns of Lake Nuasjärvi and Lake Jormasjärvi were completed as expected this year as well. “According to measurement results, Lake Nuasjärvi has overturned at the turn of May and June, during the weeks 21–23. The overturn seems t...

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May

2017

Terrafame submits a smelter supplement to the EIA procedure for mining operations

12.5.2017

The Kainuu Centre of Economic Development, Transport and the Environment has today made Terrafame Ltd’s smelter-related supplement to the EIA (Environmental Impact Assessment) procedure available for public viewing. Terrafame aims to explore a smelter opt...

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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 produced a record amount of nickel in the first quarter − net sales EUR 41.3 million

27.4.2017

Key figures in January−March 2017 10,070 tonnes of nickel (Q4 2016: 11,757) and 20,239 tonnes of zinc (Q4 2016: 22,144) were stacked on the primary heap. 5,086 tonnes of nickel (Q4 2016: 4,885) and 10,380 tonnes of zinc (Q4 2016: 10,697) were leac...

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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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EIA report on Terrafame’s water management published

6.4.2017

Opinions and comments regarding the report on the environmental impact assessment (EIA) for Terrafame’s water management may be submitted to the Kainuu Centre for Economic Development, Transport and the Environment (Kainuu ELY Centre) until 5 June 2017. ...

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March

2017

Terrafame receives certification for its quality, environmental and safety management systems

8.3.2017

DQS Finland as an independent external company has audited the management system of Terrafame Ltd. and, based on the audit, certification has been granted to Terrafame’s management systems for quality, the environment and occupational health and safety. T...

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February

2017

Report published on the condition of groundwaters and soil of the primary leaching area in Terrafame’s mining area

28.2.2017

Changes detected in groundwater are local and they do not pose a risk to residents living in the areas nearby. Terrafame has provided the Kainuu ELY Centre with a report compiled by Pöyry Finland Oy on the condition and potential need for treatment of ...

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Good condition of Lake Nuasjärvi is important to Terrafame

28.2.2017

The condition of Lake Nuasjärvi in Sotkamo and the contributing factors are continuously monitored. Terrafame monitors the quality of purified mine water that is led to the discharge pipe both at the mining site and in Lake Nuasjärvi, and publishes the re...

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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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Invitation to Terrafame Group press conference on Friday, 10 February 2017

10.2.2017

Terrafame Group hosts a press conference today, 10 February 2017, at 13:30 EET regarding a financial arrangement concerning Terrafame. Finnish Minister of Economic Affairs Mika Lintilä, representatives of Terrafame Group Ltd. and Terrafame Ltd., as wel...

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

5.1.2017

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...

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December

2016

The fire at Terrafame’s hydrogen sulphide plant is under control – no injuries

16.12.2016

On Friday 16 December 2016 at about 10.45, a fire broke out at the hydrogen sulphide plant in Terrafame’s mine area in Sotkamo. The fire, which was narrowed down to one H2S reactor at the hydrogen sulphide plant, was quickly brought under control. The ...

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Kainuu Regional Rescue Authority and Terrafame expand rescue collaboration to improve local safety

9.12.2016

Kainuu Regional Rescue Authority and Terrafame Ltd. have entered into a collaboration agreement on expanding rescue services. With the agreement, Terrafame’s fire brigade and its equipment may be used outside the mining site for various emergency assignme...

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November

2016

Terrafame's environmental impact assessment programmme published

22.11.2016

Opinions on the environmental impact assessment programme concerning Terrafame’s continued mining operations and their development or the mine’s shutdown (the so-called production EIA) may be submitted to the Kainuu Centre for Economic Development, Transp...

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Terrafame’s new centralised water purification plant enters trial use

18.11.2016

A new centralised water purification plant has been completed at Terrafame Ltd. in Sotkamo. With the completion of the plant, water purification in the area will be concentrated to one location. The centralised water purification plant will greatly simpli...

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Report: Terrafame has a great impact on the economy of Kainuu and Finland as a whole

16.11.2016

According to a report by consultancy firm Ramboll Finland Oy, Terrafame Ltd.'s multi-metal mine and metals recovery plant are highly important for the vitality of the Kainuu region. The impact on employment and the economy also extends to other regions in...

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State owner ensures Terrafame’s ability to complete financing negotiations

11.11.2016

The Ministerial Committee on Economic Policy has discussed Terrafame’s situation today, 11 November 2016. The Ministerial Committee on Economic Policy has revised its decision made in May 2016 by allowing the negotiations aimed at securing private financi...

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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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September

2016

New appointments in the Management Team of Terrafame: Chief Communications Officer, Chief Production Officer and Chief Technology Officer

14.9.2016

Terrafame Ltd. strengthens the company’s management by appointing Katri Kauppila, (b. 1965), M. Sc. (Soc.), as Chief Communications Officer as of 17 October 2016. Kauppila joins Terrafame from Metsä Board Oyj, where she has worked in different management ...

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

1.9.2016

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...

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August

2016

Environmental impact assessment programme for Terrafame’s water management published

26.8.2016

Opinions regarding the environmental impact assessment (EIA) programme for Terrafame’s water management may be submitted to the Kainuu Centre for Economic Development, Transport and the Environment (Kainuu ELY Centre) by 4 October, 2016 As part of the h...

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A request for investigation filed regarding Terrafame’s previous emergency discharges of purified waters

19.8.2016

Terrafame Ltd. has been informed by the Oulu Police Department that a request for investigation has been made to the police related to the additional discharges of purified waters, carried out by Terrafame in December 2015 and April 2016.  In December ...

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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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Terrafame acquires assets related to mining operations from Talvivaara Mining Company Plc

1.7.2016

Terrafame Ltd. and Talvivaara Mining Company Plc have completed a transaction in which Terrafame has purchased essential assets related to the operation of the Sotkamo mine from Talvivaara Mining Company Plc. The assets being acquired include, for example...

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June

2016

Terrafame to withdraw from the term sheet signed with Talvivaara Mining Company Plc and collect its receivables from Talvivaara Mining Company Plc

3.6.2016

Terrafame Group Ltd., Terrafame Ltd., Winttal Oy (together “Terrafame companies”) and Talvivaara Mining Company Plc signed a term sheet in January 2016 on the key terms and conditions of the sale and purchase of the assets concerning the operation of the ...

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May

2016

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

25.5.2016

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...

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The ramp-up of the Terrafame mine continued strong in April

19.5.2016

The ramp-up of the Terrafame mine proceeded according to plans throughout the early 2016. The ramp-up progressed in line with the key targets set for the ramp-up also in April.   The amount of ore stacked on the primary heaps in January–April tot...

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April

2016

Water situation at Terrafame mine remains challenging due to the decision of the Vaasa Administrative Court

28.4.2016

The Vaasa Administrative Court has today, 28 April 2016, issued its decision regarding the appeals made on the discharge pipe into Lake Nuasjärvi and other issues related to Terrafame’s environmental permits. The decisions of the Administrative Court set ...

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Vaasa Administrative Court’s decision regarding the matter of the discharge pipe into Lake Nuasjärvi and other issues regarding the environmental permits

28.4.2016

The Vaasa Administrative Court has today on 28 April 2016 given its decision regarding the matter of the discharge pipe into Lake Nuasjärvi and other issues regarding the environmental permits. Terrafame is studying the decision in detail and will issue a...

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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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December

2015

Terrafame starts additional discharges of purified waters to ensure dam and environmental safety

21.12.2015

Terrafame Oy started on 19.12.2015 additional discharges of purified waters from the mining area into nearby waterways to ensure dam safety and environmental safety. According to Terrafame’s assessment, the water at the dams of Kortelampi and Latosuo has ...

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August

2015

Terrafame to restart operations of the Talvivaara mine – mine’s business transaction finalised

14.8.2015

“Operations at the mine will begin immediately in the beginning of next week, in accordance with the production plan. During the initial phase, we will focus on attending to the environmental matters, starting up the mine and the systematic restoring of t...

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