The Sokli mining project, located in Savukoski, Finland, is now in its pre-planning phase, which is expected to last until 2028. During this period, a pilot mine and a pilot processing facility will be constructed to produce phosphate and iron concentrates. The Finnish Minerals Group Oy (FMG), a state-owned entity, fully owns Sokli Oy and is set to invest approximately €65 million into the planning phase of the project.

If the mining project succeeds, it could significantly impact the local economy by creating new jobs and generating tax revenue for the municipality. The projected annual tax revenue for Savukoski stands at about €10.9 million, compared to the municipality's much lower estimated tax revenue of approximately €1.6 million for the year 2024. This potential financial boost is seen as a crucial development for the region, which lies in eastern Lapland.

The mineral deposit at Sokli is of global significance and, if successfully mined, could prove advantageous not just for the local area but also contribute to Finland's overall economic landscape. The project is particularly notable for the potential production of invaluable phosphate, which is essential for various industries. This undertaking signifies Finland's growing focus on resource extraction and economic sustainability through local mineral production.