Ore exploration grew dramatically in Finland
Ore exploration operations in Finland continued fast growth in 2017. Drilling conducted by exploration companies increased by 53% compared to the previous year. Altogether 46 companies submitted their exploration reports to Tukes last year. Investments in mines increased by 25% compared to the previous year and ore exploitation grew by 11%. In the Annual Survey of the Fraser Institute, Finland ranked 1st globally in the Investment Attractiveness Index. The report says “Finland is a very transparent system, with excellent access to data and information”. This data can be found from the mining statistics published by the Finnish Safety and Chemicals Agency (Tukes, Mining Authority in Finland).
“For the second year running, exploration investments grew in Finland. It seems that with regard to ore exploration, the downturn is now over. In the Fraser Institute survey, the mineral potential of Finland is ranked high. Thanks to the Geological Survey of Finland (GTK), we have excellent basic data about bedrock. However, the reality is that despite holding good basic data, Finland remains mostly unexplored. Exploration is currently very active around the Central Lapland greenstone belt, where we have already Agnico Eagle’s successful gold mine and Anglo American’s tier 2 nickel-copper deposit.
Finland has a high standard of living, stable political system, skilled labour, high security standards and an excellent infrastructure. This is good foundation for providing excellent services to exploration and mining companies. Tukes became the mining authority in Finland in 2011 and since that time we have had the new Mining Act, emphasising socially, environmentally and economically sustainable operations in the mining industry. Our legal system is demanding yet transparent. We at Tukes are highly motivated to assist exploration and mining companies in commencing operations in Finland. Welcome to Finland – we are ready to serve you”, tells Head of Unit in Tukes, Terho Liikamaa.
The total quantity of material extracted from mines operating in Finland continued to increase in 2017. The overall amount of extracted materials increased slightly by three percent compared to the previous year, with excavation of ore and other utilisable minerals increasing by 11 percent. Investments in mines also grew.
Tukes is the competent mining authority in Finland. The Mining Unit of Tukes is located in Rovaniemi. On 8 May 2018, Tukes and GTK are jointly organising the information meeting in Rovaniemi “How to Start Exploration in Finland”. If you would like to attend this session, please contact Ilkka ([email protected]) or Marie-Louise ([email protected]).
More information concerning mining matters in Tukes can be viewed at our Website. Applications and currently valid permits can be found from the Mining Register Map Service (in Finnish). More information for exploration and mining in Finland can be found in English from the register maintained by the Geological Survey of Finland (GTK): Mineral Deposits, Exploration (Layers/Exploration layers/Mining Registry).
Further information available from:
Mining Statistics 2017 (pdf)
Terho Liikamaa, Head of Unit, tel. +358 29 5052 117
Ilkka Keskitalo, Senior Officer, Ore Exploration, tel. +358 29 5052 151
Ossi Leinonen, Senior Officer, Mining Operations, tel. +358 29 5052 205
email format: [email protected]