State-owned Finnish company, Terrafame, will boost investment in developing a battery chemical plant in Sotkamo, Finland, amid a record-high quarter for zinc and nickel production output, the mining company said in a release this week.
The investment, said to be worth ?,?240 million ($273 million), has received principle funding of ?,?100 million from parent company Finnish Minerals Group, with additional benefactors Galena Asset Management and Trafigura Group set to invest ?,?60 million and ?,?43 million respectively. "Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021," Terrafame's chief executive officer Joni Lukkaroinen said in the release....