Finnish Minerals Group and UK mining company Anglo American have signed a memorandum of understanding (MoU) to work together to explore the mining of battery materials in Finland.
The Finns have the local knowledge and know-how, the companies said. Finnish Minerals said Finland is one of the few countries in the world investing across the entire battery value chain, from mineral extraction to recycling.
Finland is thus well positioned to respond to the increase in demand for responsibly sourced critical raw materials, it said.
Jani Kiuru, SVP of raw materials at state-owned mining and battery materials company Finnish Minerals, said: “Exploring joint opportunities with Anglo American is a natural choice for us as they already know the Finnish operational environment. In addition, the company has a long history in mining and is a forerunner in sustainability.”
Anglo American is preparing to mine the Sakatti deposit 15 kilometres north of Sodankylä in the northern region of Lapland. Base metals include copper, nickel and cobalt. The deposit also contains platinum, palladium, gold and silver.
