The mining project is operated by Suhanko Arctic Platinum Oy

Finland is an important mining jurisdiction in the EU due to its significant metal endowments. With Suhanko, Finland may become the largest producer of palladium and platinum within the EU. There are still opportunities to find many vital minerals in the bedrock of Finland and Fennoscandia.

During the last century, Finland has developed world-class research and industrial expertise in the mining sector, with equipment and technology companies operating in the global market. It makes sense to produce mining products in Finland, where good occupational safety and environmental technology are further developed.

Suhanko Arctic Platinum Oy is the operator and the holder of all permits and assets for the project. The company is a wholly owned Finnish subsidiary of CD Capital Natural Resources Fund III L.P. The parent company of SAP is managed by the UK-based private equity company CD Capital Asset Management Ltd (CD Capital).

CD Capital has been backed by long-term capital predominantly from US-based endowments and foundations, allowing it to invest in mining projects for the long-term worldwide.

When developing the mining project, in addition to its own personnel, SAP will utilise the broad experience of CD Capital’s technical team, who have extensive experience in the development of mining projects. If necessary, SAP will hire additional employees and utilise subcontractors to further bolster its expertise.

The Suhanko mining project is one part of the Suhanko Arctic Platinum project, which was previously owned by the South African company Gold Fields Ltd via its Finnish subsidiary Gold Fields Arctic Platinum Oy (GFAP). Following the agreement made on January 23, 2018, all of the project assets of GFAP, including all exploration data and results, project permits, expertise and employees, were transferred to SAP.