An Overview on Finnish Mining

Pekka A. Nurmi, Ph.D., Prof.

Research Director

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ProMine – Final Conference Fennoscandia: a major source of minerals in EU

Agnico-Eagle Mines Ltd.

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PNurmi 16.1.2012

• GTK is a geoscience research agency operating under the Ministry of Employment and the Economy

• GTK figures: expenditure 57 M€ / revenues 13 M€ / staff 620 • Main focus on mineral resources and their sustainable use • Other sectors include: energy, environment and land use • National centre of geoscience data, information and expertise • Global actor and desired partner for R&D and services on core competencies

GTK in Brief

Peru

Laos Mongolia

Sambia

Keski-Aasia

Etiopia

Namibia

Uganda Bolivia

Vietnam

Afganistan

Tansania

Ukraina

GTK’s global project activities

GTK’s Role in the Minerals Sector • Exploration. Mapping and modelling of

mineral potential and resources. • Development of ‘Green Mining’.

Exploration innovations, eco-efficient mining, social acceptance.

• Promotion. Expert and data services, contribution to mineral policy.

• Expert Services. Research, exploration, enrichment processes, mining environment.

• EU activities: EGS, EIP-RM, EraMin, EIT-KIC, ETP-SMR, active participation in projects

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Fennoscandia: A Significant Mining Region

Nickel, Iron, Phosphorus, Copper, Cobalt, Rare earth metals

Iron, Copper, Zinc, Silver, Gold, Lead, Tellurium

Iron, Titanium, Silicon, Olivine, Nepheline, Graphite, Carbonates

Dot: Large metal deposit

Named: Large active metal mine

Kevitsa

Nickel, Chromium, Phosphorus, Zinc, Copper, Cobalt, Gold, Talc, Pyrite

Nurmi & Eilu Novem

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Major new mines 2012– Expansion/reopening of old mines

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Mine Projects in Fennoscandia

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Policy and Mineral Potential Ranking of Mining Regions 2013

Source: Frazer Institute Mining Company Survey 2013

1. Finland

10. Norway

2. Sweden

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Why Finland?

• A mining-friendly country within the EU • Excellent geodata and infrastructure • A favourable and secure investment environment • Significant potential for new discoveries

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Reflection Seismics

• 2100 km regional surveys • 700 km high-resolution on ore belts

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Mining in the Nutshell

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Metals Industrial minerals

Kittilä gold

Kevitsa nickel

Pahtavaara gold

Raahe gold

Kemi chrome

Hitura nickel

Pyhäsalmi Copper-zinc

TalvivaaraNickel-zinc

Jokisivu gold

Parainen calcite

Ilomantsi gold

Lappeenranta calcite

Orivesi gold

Lahnaslampi talc

Kylylahti copper

Polvijärvi talc

Lohja calcite

Siilinjärvi phosphorus

• 52 mines (12 metal , 17 carbonate rocks and 14 industrial minerals )

• Mine investments 2008-2011 1.3 Bill. € • Estimated investments 2012-2017 over 3 Bill. € • Finland is one of the leading mining technology

providers (Metso, Outotec, Sandvik, Normet)

Data: ETLA 2011

Annual ore output (Mt)

< 0.1 0.1 - 0.5 0.5 - 1.0 1.0 - 10

> 10

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Mine Projects 2012

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Mine project

Kolari iron

Suhanko palladium

Sokli phosphorus

Länttä lithium

Taivaljärvi silver

Mustavaara vanadium

Project Raaka-aineet Company

Sokli Phosphorus Yara

Kolari Iron (copper, gold) Northland Reources Ab

Suhanko Palladium (platinum) Gold Fields

Mustavaara Vanadium (iron, titanium) Mustavaaran Kaivos Oy

Taivaljärvi Silver (zinc) Sotkamo Silver Ab

Länttä Lithium Keliber Oy

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Exploration Projects

Rompas gold-uranium

Sakatti Nickel-copper- platinum

• 40 companies active in exploration • Main commodities: Au, Ni, Cu, PGM, ferrous metals,

hitech metals,… • Exploration expenditure over 80 mill. € in 2012

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Tekes - Green Mining Programme

• Tekes Green Mining Programme aims to make Finland a global forerunner of responsible mining.

• Duration: 2011–2016 • Budget: EUR 60 million • Over 40 projects under way • GTK leading 8 projects and is a partner in 5 projects

http://www.tekes.fi/ohjelmat/GreenMining

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Welcome to Lapland!

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