The Large Mining Project Commences - Could Bring a Windfall to Finland
The mining project at Sokli in Savukoski could generate over €700 million annually if successful, according to the mining company.
Underground treasure in Finland – The state takes action
Finland is investing 65 million euros in the Finnish Minerals Group to advance the Sokli mining project, which aims to explore the feasibility of producing phosphate and iron concentrates.
The state invests 65 million euros in the Sokli mining project
The Finnish government is investing 65 million euros into the Sokli mining project for the extraction of phosphate, niobium, and rare earth metals, with a focus on running a trial mine from 2026 to 2028.
The Sokli test mine is expected to start this fall in Savukoski – mining one-hundredth of the amount of a proper mine
The Sokli mining project in Savukoski is progressing to the testing phase, aiming to begin operations this fall.