Published on 05.03.2020 at 16.02

Terrafame’s Financial Review 2019 is published

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 Corporate Governance Statement and Remuneration Report for 2019 as well as the Remuneration Policy for governing bodies.

All documents are attached to this release in pdf format and they are also available at


Additional information:
Chief Communications Officer Sanna Päiväniemi, Terrafame Ltd, +358 20 7130 800 (switchboard), sanna.paivaniemi(at)

Financial Review 2019, including Board of Directors' Review and Financial Statements (pdf, 4Mb)
Corporate Governance Statement 2019 (pdf, 2Mb)
Remuneration Report 2019 (pdf, 2 Mb)
Remuneration Policy (pdf, 2 Mb)


Terrafame Ltd is a Finnish multi-metal company founded in 2015, with a mine and metals production plant located in Sotkamo. The company’s bioleaching based production process is unique and its carbon footprint is clearly lower compared to traditional nickel production technologies. Terrafame is currently building one of the world’s largest production lines for battery chemicals, which will move the company forward in the value chain, from a manufacturer of metal intermediates to a producer of battery-grade chemicals for electric vehicle batteries. In 2019, Terrafame’s net sales totalled EUR 310 million and there were approximately 1,500 people working in the company's industrial site, of which partner company employees accounted for approximately half.

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