Platinum discovery in Lapland
Could trigger a billion euro investment into mining and enrichment process in Rauna east of Rovaniemi.
Geological studies in the area have been going on since the early 80ies. Now, the mining company Gold Fields Arctic Platinum says their recent discovery might be profitable to extract. A feasibility study will be presented next year.
If mining starts, the company might use a new two phase technology making it possible to enrich the ore directly into metal at the spot without a smelting plant, YLE Lapland reports.
Investments is estimated at $1,2 billion, nearly one billion euro.
In addition to platinum, the company writes on the portal that they are looking for copper, nickel and gold in the area.