Phosphate and rare earth elements
Sokli’s mineral resources in Savukoski, Finland are globally unique. They would help to strengthen Europe’s self-sufficiency in important raw materials. We are now surveying the area’s mineral resources and the profitability of mining operations comprehensively, as previous studies have been based on the production of phosphate and iron. If realised, the mine would directly and indirectly employ hundreds of people and it would also become part of the Finnish battery value chain.
In addition to phosphate and iron, the Sokli deposit contains rare earth elements (REE), manganese, vermiculite, niobium and copper.
Learn more about Sokli interactively
You can familiarise yourself with the Sokli mining project based on our interactive presentation. The presentation includes satellite, drone and 3D images.
Watch a video
Profitability is affected by many factors
The profitability of a mine is affected by many factors, such as the world market price of the useful mineral or the valuable substance it contains, the amount of ore in the deposit, the cost of mining, the price of energy, the location of the deposit as well as permit issues.
As a mining option, we are investigating open-pit mining for laterite ores, while for phosphorites and central fracture zone, we are investigating open-pit and underground mining, depending on the location of the ore. The study also includes logistics and infrastructure solutions.
Watch the video, which presents the background, preliminary plans and benefits of the mining project.