Mustavaaran Kaivos raises 9.7 M€ to complete final studies on a new vanadium plant at Raahe

Mustavaaran Kaivos Oy (MKOy) is pleased to announce an arrangement of 9.7 M€ funding for the completion of a bankable feasibility study on its vanadium plant project. The funding has been made possible through contributions by local investor Osuuskunta PPO and Tesi (Finnish Industry Investment Ltd), as well as existing main shareholders of MKOy, being Tamares Mining Group B.V., Akkerman Exploration B.V. and Ilmarinen Mutual Pension Insurance Company. Read more »


Detailed plan of the Raahe vanadium plant area under way

The municipality of Raahe has set out the general and detailed planning of the Raahe harbour area to enable the construction of the vanadium plant of Mustavaaran Kaivos Oy. Read more »


Decision to build a vanadium plant at Raahe one step closer

Mustavaaran Kaivos Oy (MKOy) is now entering the feasibility study stage; the decision to build a new vanadium plant at the port of Raahe is scheduled for end 2016. Read more »