The mining project is operated by Suhanko Arctic Platinum Oy

Finland holds an important role as a mining nation in the European Union, as the bedrock conceals significant raw material deposits. With Suhanko, Finland could become the largest producer of palladium and platinum within the EU.

During the last century, Finland has developed world-class research and industrial expertise in the mining sector, with equipment manufacturing and technology companies operating in the international market. It makes sense to produce mining products in Finland, where occupational safety is of a high standard and environmental technology is constantly further developed.

Suhanko Arctic Platinum Oy (SAP) is the operator and the holder of all permits and assets for the project. Suhanko Arctic Platinum Oy 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 skilled 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 in implementation.

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.