Sakatti copper and polymetallic project, Finland – update
Photo by Anglo American
Name of the Project
Sakatti copper and polymetallic project.
Location
Finnish Lapland, 15 km north of Sodankylä.
Project Owner/s
Multinational mining company Anglo American.
Project Description
Sakatti is a polymetallic greenfield project containing copper, nickel, platinum, palladium, gold, silver and cobalt.
The mine design reflects the latest studies, and production profile which is expected to deliver 60 000 t/y to 80 000 t/y copper equivalent production from a state-of-the-art mine design with minimal surface footprint.
In March 2025, the project was awarded strategic project status under the European Union Critical Raw Materials Act, which enables it to benefit from the more efficient processing of permitting applications.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Capital expenditure is subject to ongoing studies, permitting and approvals.
Planned Start/End Date
The project is expected to start from the early 2030s.
Latest Developments
Prefeasibility studies (PFSs) are ongoing, with the mine design reflecting the latest studies and production profile, subject to permitting and approvals.
Anglo further notes that the Finnish environmental-impact assessment has been approved, with the Natura 2000 assessment progressing.
The PFS-B is targeted for December 2026.
Key Contracts, Suppliers and Consultants
Not stated.
Contact Details for Project Information
Anglo American (UK), James Wyatt-Tilby, tel +44 20 7968 8759 or email james.wyatt-tilby@angloamerican.com.
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