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Outokumpu's Kemi Mine Celebrates 50-year Anniversary - This September it will be exactly 50 years since Outokumpu made the decision to begin mining operations in its chrome mine in Kemi, Finland - Outokumpu.com
Outokumpu's Kemi Mine Celebrates 50-year Anniversary

 

NewswireToday - /newswire/ - Kemi, Finland, 2014/09/11 - This September it will be exactly 50 years since Outokumpu made the decision to begin mining operations in its chrome mine in Kemi, Finland - Outokumpu.com. OUT1V

   
 
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The deposit had been found five years earlier by a local diver, Martti Matilainen. The mining began in 1967, with large-scale mining operations and ferrochrome production to begin next year. Chrome mine and ferrochrome works were the first steps in Outokumpu’s journey to become the leading stainless steel producer in the world. Today the Kemi mine employs 400 people, and on top if this the nearby ferrochrome works and stainless steel mill in Tornio employ some 2,000 people.

CEO Mika Seitovirta: “The Kemi mine is the only chrome mine in the Europen Union, and it is an essential part of the integrated production chain in the Tornio site. Chromium is what makes steel stainless, and our own chrome mine guarantees us competitive sourcing of chromium for the future. Chrome mine puts Outokumpu in a league of its own, since none of the other stainless steel producers has its own source of chromium. Therefore, the Kemi chrome mine is a unique competitive advantage for us globally.”

The operations of the Kemi mine differ from several other mines because there are enough reserves for mining for several decades. At the moment, Outokumpu mines some 2,4 million tonnes per year. Since there are proved ore reserves of 50 million tonnes and mineral reserves, not yet fully explored, estimated to be some 98 million tonnes, the continuation of the mining operations is therefore guaranteed. The Kemi mine targets to minimize the environmental effects of its operations. The mine is surrounded by nature, and no hazardous chemicals are used in the concentration process: it is simply based on gravity. The environmental effects are continuously monitored, and in underground mining, dust emissions are minimal and metal discharges small.

The 50-year anniversary since the decision to begin mining operations is celebrated by the personnel this September.

Invitation to the press
Representatives of the press are welcome to visit the mine on Tuesday, September 16, 2014. Register for the visit by phone or by email by Monday, September 15.

About Outokumpu Group

Outokumpu (outokumpu.com) is a global leader in stainless steel. We create advanced materials that are efficient, long lasting and recyclable thus building a world that lasts forever. Stainless steel, invented a century ago, is an ideal material to create lasting solutions in demanding applications from cutlery to bridges, energy and medical equipment: it is 100% recyclable, corrosion-resistant, maintenance-free, durable and hygienic. Outokumpu employs more than 12 000 professionals in more than 30 countries, with headquarters in Espoo, Finland and shares listed in the NASDAQ OMX Helsinki.

 
 
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Written by / Agency / Source: Outokumpu OYJ

 
 

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Outokumpu's Kemi Mine Celebrates 50-year Anniversary

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OUTOKUMPU OYJ | Outokumpu's Kemi Mine
Publisher Contact: Niina Kostiander - Outokumpu.com 
+358 40 767 5382 corporate.info[.]outokumpu.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Outokumpu OYJ securities in any jurisdiction including any other companies listed or named in this release.

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