The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Mining Of Metal Ores 07.29 - Mining of other non-ferrous metal ores
120 jobs Number of planned job creations
Announcement Date
20 April 2018
Employment effect (start)
1 August 2018
Foreseen end date
30 September 2018
Description
The Canadian mining company Firesteel Resources is reopening the gold mine 'Laiva' in Raahe and is recruiting some 120 employees, including both skilled workers and experts, to the site. The mine is expected to start production in August-September 2018.
The company invested EUR 20 million in the mine in 2017. In 2014, after being operational for three years, the previous owner shut down the site due to a lack of economic viability. Firesteel Resources says that the site holds one of the largest gold resources in the region and the aim is to produce two tons of gold per year.
Sources
20 April 2018: Kaleva
22 March 2018: Firesteel Resources (Press Release)
Citation
Eurofound (2018), Firesteel Resources, Business expansion in Finland, factsheet number 93872, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93872.
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