There are major deposits of precious and green metals in Suhanko, that have been studied for several decades. A modern mining project is currently being planned in the area, with construction work expected to begin in 2024.

Suhanko Arctic Platinum Oy is the developer of the project and its goals include the creation of a next generation mine with sustainable operations. It is an important objective to minimise the social and environmental impacts of the project by seeking to utilise the latest technology and by working in close cooperation with various stakeholders

The most important mineral and main product of the Suhanko area is palladium, primarily used for manufacturing catalytic converters developed for controlling the emissions of exhaust gases from cars. As such, palladium has an important role in reducing traffic emissions to comply with increasing environmental demands.

In addition to platinum, rhodium, copper, nickel, cobalt and gold also occur in the project area deposit. This collection of minerals form a ‘basket’ of critical green energy metals for the battery technology, hydrogen economy and energy transition requirements for Europe.

The deposits are located in Ranua, Southern Lapland, close to the border of the municipality of Tervola, 45 kilometres south of the city of Rovaniemi.