News

Mika Seitovirta appointed as Chairman of the Board

Ferrovan Oy has strengthened its Board with the appointment of Mika Seitovirta as new Chairman of the Board, as of February 22nd 2018. Seitovirta has previously held e.g. CEO positions in Outokumpu Oyj, Glaston Oyj and Hartwall. He has strong expertise and a wide network within the metal industry and in the field of financing. Jan
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Mustavaaran Kaivos Oy changed its name to Ferrovan Oy

We are delighted to introduce Ferrovan Oy as the new name of our company as of January 19, 2018. The new name reflects the change in our company strategy from traditional mining business to sustainable recycling of materials and recovering valuable metals from by-products of steel industry. It also introduces our main product ferrovanadium which
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Markku Blomberg appointed Chief Financial Officer of Mustavaaran Kaivos Oy

Markku Blomberg has been appointed as Chief Financial Officer of Mustavaaran Kaivos Oy as of January 2nd 2018. Blomberg holds an M.Sc. degree in Economics and has over 25 years of experience in accounting and CFO and CEO positions, including CFO and CEO positions of Transtech Ltd. Markku Blomberg’s primary responsibility will be arranging the
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Vacancy: Chief Financial Officer

Join our clean tech project by applying for CHIEF FINANCIAL OFFICER          As the CFO you will assume responsibility for all financial matters of the company. You will be one of the key members of the company’s management team working in close cooperation with managing director, project manager and chief operating officer.
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Mustavaaran Kaivos raises 9.7 M€ to complete final studies on a new vanadium plant at Raahe

Mustavaaran Kaivos Oy (MKOy) is pleased to announce an arrangement of 9.7 M€ funding for the completion of a bankable feasibility study on its vanadium plant project. The funding has been made possible through contributions by local investor Osuuskunta PPO and Tesi (Finnish Industry Investment Ltd), as well as existing main shareholders of MKOy, being
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Detailed plan of the Raahe vanadium plant area under way

The municipality of Raahe has set out the general and detailed planning of the Raahe harbour area to enable the construction of the vanadium plant of Mustavaaran Kaivos Oy. The planning area is located by the harbour and existing industrial region. The detailed planning will also include further development of the deep-water port of Raahe,
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Decision to build a vanadium plant at Raahe one step closer

Mustavaaran Kaivos Oy (MKOy) is now entering the feasibility study stage; the decision to build a new vanadium plant at the port of Raahe is scheduled for end 2016.   MKOy is entering the final feasibility study stage involving process optimization, engineering and design of the plant and related infrastructure. For this purpose, contracts have
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Tekes grants loan to Mustavaara Clean Slag Project

The Finnish Funding Agency for Innovation (Tekes) has granted a EUR 3.5 million loan to Mustavaaran Kaivos Oy (MKOy).   The loan was granted for the feasibility study on the processing of vanadium containing slag from SSAB’s steel plants in Finland and Sweden (Clean Slag Project).   The study involves the development of an innovative
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Mustavaara moves forward

The company has entered into a Letter of Intent with SSAB Merox   Mustavaaran Kaivos Oy (MKOy) has entered into a Letter of Intent with Merox, a business within the SSAB Group, for the future purchase of vanadium containing slag, and an initial cooperation agreement with Outotec to obtain the necessary technical support to use
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