Terrafame to mine uranium in Finland

Sotkamo Silver AB

21/12/2022 08:00

HELSINKI, Dec 21 (Reuters) - Finnish mining company
Terrafame will start extracting uranium by mid 2024 at its
Sotkamo mine in Finland, aiming at output of 200 tons per year
by 2026, the company said on Wednesday.
    Terrafame, in which the Finnish state holds 67.1% and
commodities trading firm Trafigura  TRAFGF.UL  31.1%, already
produces nickel and cobalt suphates for electric car batteries
as well as other minerals at the mine in northeastern Finland.
    "As the recovery begins, Terrafame will become a Finnish
uranium producer, and thus will also play a role in building
Europe's energy self-sufficiency," it said in a statement. 
 (Reporting by Anne Kauranen
Editing by Mark Potter)
 ((anne.kauranen@thomsonreuters.com; +358401895560;))