11.04.2012

Finland attracts attention of international mining companies

New book by Geological Survey of Finland shows high potential for further metal ore discoveries.

The Geological Survey of Finland (GTK) has recently published a book entitled Mineral Deposits and Metallogeny of Fennoscandia, which is the first comprehensive publication to describe areas of known metal deposits and potential areas for future metal ore discoveries in Finland, Norway, Sweden and Russia. The book was enthusiastically received at the recent PDAC 2012 mining conference held in Toronto, Canada, according to Pekka Nurmi, Research Director at GTK.

According to the book, 12% of Finland’s land area has potential for nickel and cobalt deposits, 10% for copper and zinc, 8% for gold and platinum metals, 3% for iron, titanium and vanadium, 1% for uranium, and 2% for ‘high-tech metals’. Finland still has large areas which have not been explored in depth. Only 3-4% of the country’s bedrock is exposed and the average overburden thickness is 6-7 metres .

GTK has also published a guide on the Best Environmental Practices for the Mining Industry which covers the entire lifecycle of mining operations, from ore prospecting and mine planning, through production to mine closure and restoration. Finland is aiming to become a global leader in eco-efficient mining by the year 2020 and the Green Mining project run by Tekes, the Finnish Funding Agency for Technology and Innovation, is one of the top priorities of the Ministry of Employment and the Economy.

Sources: Kauppalehti, GTK