https://www.miningweekly.com
Metso|Troilus Mining|Canada|Finland|Copper|Gold Mining|Project Financing|Finnvera|Justin Reid|Québec
|||||
metso|troilus-mining|canada|finland|copper|gold-mining|project-financing|finnvera|justin-reid|qubec

Finnish export credit agency to support Troilus' $155m procurement from Metso

Troilus project area

Troilus project area

28th August 2026

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Canadian gold and copper developer Troilus Mining Corporation has received a non-binding letter of interest from Finland's official export credit agency, Finnvera, in connection with Troilus having signed an equipment procurement deal with Metso Corporation earlier this week.

Troilus selected Metso to supply major process equipment for the Troilus project in Québec, including gyratory and cone crushers, apron and belt feeders, wet and dry screens, high pressure grinding rolls and ball mills.

Metso is already part of Troilus' detailed engineering programme for three-dimensional modelling and plant layout.

Finnvera may support financing of up to 85% of the $155-million value of the Metso deal, representing $132-million.

This provides another potential source of competitive long-term financing as Troilus advances major equipment procurement and construction readiness.

"Finnvera is already participating in our broader project financing process, and we are very pleased to see the potential scope of that relationship expand alongside our advancing procurement programme.

"This demonstrates how our procurement and financing strategies are increasingly working together and further strengthens the diversified international financing framework we are building for Troilus," says Troilus CEO and director Justin Reid.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (18/09/2026)
18th September 2026 By: Martin Creamer
Magazine round up | 18 September 2026
Magazine round up | 18 September 2026
18th September 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.05 0.071s - 120pq - 2rq
Subscribe Now