Suhanko mine

Suhanko has the largest palladium deposit in Europe. Suhanko Arctic Platinum Oy is preparing to open the Suhanko mine in Ranua.

The company aims to make an investment decision and start construction of the mine in 2024. The construction phase is estimated to take 2-3 years and employ around 1000 people. The direct employment impact of an operational mine will be around 400 person-years and the estimated operating life is more than 20 years.

Suhanko Arctic Platinum Oy (SAP) is a wholly owned Finnish subsidiary of CD Capital Natural Resources Fund III L.P.

SAP's parent company is managed by the UK private equity firm CD Capital Asset Management Ltd. CD Capital has raised long-term capital, mainly from US funds and foundations, enabling it to make long-term investments in mining projects worldwide.

Suhanko is a multi-metal deposit: its main product is the precious metal palladium, and it also contains platinum, copper, nickel, cobalt, gold and rhodium.

A major mining project is planned. Initially, 5 million tonnes of ore will be mined and enriched per year, and after a few years production will reach 10 million tonnes per year.

The mine is expected to be in operation for 22 years, but is likely to have a longer lifespan due to the mineral resources in the area.

The Suhanko concentrator produces two different concentrates (Cu-PGE and Ni-PGE) using the traditional flotation method. The mineral concentrates are delivered to the smelters.