Terrafame is a Finnish multi-metal company producing nickel, cobalt and zinc using the environmentally sustainable bioheap leaching technology at its mine in Sotkamo, Finland.
Galena Asset Management, our investment subsidiary, identifies real asset opportunities and makes them available to external investors through appropriatestructures. Approximately 70 percent of the assets managed by Galena Asset Management come from institutional investors.
Its acquisition of a substantial interest in Terrafame is helping to finance an ambitious investment programme for the company. It is supplemented by loan finance from Trafigura and Finnish investment company Sampo Plc. In early 2021, Terrafame plans to open a new production plant supplying battery chemicals for electric vehicles. This will leverage Trafigura's global marketing expertise to offer a shorter, more sustainable supply chain for vehicle battery producers.