The GraveYard Shift

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Lordi Opening Eurovision 2007 Finland Rock & Quote

Finland rocks!

In 2017 Finland claimed the number one spot on the Fraser Institute’s ranking of investment attractiveness for mining jurisdictions

Mining in Finland dates back as early as 1540, with the production of iron ore. Since then, some 270 metals mines have been in operation, outputting 250 million tons of ores – two-thirds sulfide and one-third oxide ores.

Geologically, Finland sits on the Fennoscandian Shield, a segment of the Earth’s crust that shares similarities with Canada and Australia. Much of the area remains unexplored.

Finland has an established cache of industrial metals, including copper, nickel, cobalt, zinc and lead ores, as well as deposits of chromium, vanadium and iron ore.

Historically, Finnish companies Outokumpu Oy and Rautaruukki Oy were the top miners, producing copper, zinc, nickel, cobalt, lead, gold and iron, but after Outokumpu Oy exited the business in the 1990s, mining in Finland stagnated.

Recent years though have seen a revival. Despite the closure of some base metals mines, Finland’s production has doubled over the past 10 years.

Mineral exploration has also jumped, with a number of important discoveries made, including Anglo American’s Sakatti copper-nickel-platinum group elements project, 150 km north of the Arctic Circle, and the Rajapolot-Rompas gold-cobalt discovery being developed by Mawson Resources.

The Nordic nation sharing a border with Sweden and its eastern boundary with Russia, has quietly advanced, over the past decade, to become Europe’s largest gold producer. There are thought to be about 100 gold-producing sites, between southern Finland and Lapland. Currently, four mines produce gold.

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