Terrafame Oy
Minerals & Mining · Finland · 501-1,000 Employees
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Overview
Headquarters
Malmitie 66, Tuhkakylä, Kainuu, 88120, F...Phone Number
+358 207130800Website
www.terrafame.fiRevenue
$175.6 MillionIndustry
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Private Equity
$290.5M
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Terrafame Oy News & Media
Terrafame applied for a strategic project status for the exploitation of the Kolmisoppi ore deposit under the EU’s Critical Raw Materials Act
Terrafame has submitted an application to the European Commission seeking a strategic project status for the Kolmisoppi project under the European Union’s Critical Raw Materials Act (CRMA). The CRMA came into effect in May 2024 and aims to sustainably ensure the availability of raw materials that are critical and strategic in terms of Europe’s economy and clean transition. The CRMA covers more than 30 raw materials, defining the battery grade nickel produced by Terrafame asTerrafame has started uranium recovery
Terrafame has on 18 June 2024 started recovering natural uranium on its industrial site in Sotkamo, Finland. Before the recovery was commissioned, the Finnish Radiation and Nuclear Safety Authority (STUK) conducted a commissioning inspection at the uranium recovery plant and found that the plant can be commissioned safely. The company’s production process enables the low concentration of natural uranium found in the ore to be used as a by-product. The uranium recovered by Terrafame willAppointments to Terrafame Ltd's Leadership Team
As of 1 June 2024, the battery chemicals company Terrafame Ltd has appointed Mr David Garcia-Balbuena, M.Sc., as the Chief Production Officer and a member of the Leadership Team, as well as Mr Kristian Granit, M.Sc. (Process technology), as the Chief Services Officer and a member of the Leadership Team. They will report to Seppo Voutilainen, the CEO of Terrafame Ltd. David Garcia-Balbuena has moved to the Leadership Team from his position as the HeadTerrafame’s operating result was at a good level in a challenging market
The financial information presented about Terrafame Ltd in this media release consists of unaudited IFRS figures. The figures in brackets refer to the corresponding period in the previous year unless otherwise stated. January−March 2024 in brief: · Net sales were EUR 130.0 (172.7) million, representing a decrease of 24.7% year-on-year. · Net sales from the battery chemicals business decreased to EUR 35.6 (66.2) million, or 27.4% (38.3) of the company’s total net sales. Net sales
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Frequently Asked Questions Regarding Terrafame Oy
Terrafame specializes in producing battery chemicals with the smallest carbon footprint in the market, utilizing an energy-efficient bioleaching method. The company ensures supply reliability through Europe's largest nickel reserves and one of the world's largest battery chemical plants. They primarily serve clients in the global battery industry,... Read More