Suhanko Arctic Platinum Oy (SAP) is a Finnish mining company founded in 2018 and owned by CD Capital Natural Resources Fund III L.P. SAP’s parent company is managed by the UK-based private equity firm CD Capital Asset Management Ltd (CD Capital). SAP has been reporting on its operations in accordance with the TSM system since 2019.
SAP’s main goal is to develop the Suhanko mining project in South Lapland into production. The exploitation of the multi-metal deposits in Suhanko has been studied for several decades. The ore deposits in the mining project area contain the precious metals palladium, platinum, gold, and rhodium, as well as the base metals copper, nickel and cobalt, which are included in the EU’s list of critical metals. These metals are essential as Europe undertakes to produce green energy, reduce transport emissions, become self-sufficient, and electrify society’s functions.
SAP aims to start construction of the planned mine at the end of 2026. The Suhanko deposits are located in Ranua, right on the border of the Municipality of Tervola, approximately 45 kilometres south of the town centre of Rovaniemi. In 2024, a new asphalt-surfaced road of approximately 10 kilometres was completed from main road no. 78 to the mine’s planned concentration plant area.
The company has a total of 9,483 hectares of valid exploration permits (11 permits). Ore exploration is carried out in the municipalities of Ranua, Rovaniemi, Tervola, and Keminmaa. Suhanko Arctic Platinum Oy uses deep drilling, geophysical ground and aerial measurements, excavator exploration trenches, bedrock mapping, saw-channel sampling, mini-drill rig sampling, RC drilling, geochemical sampling and boulder mapping as its exploration and study methods. In addition, the company has carried out test excavations and numerous ore concentration studies, especially in connection with the feasibility studies of the Suhanko mining project.
| Yes | No | |
|---|---|---|
| Location in a nature reserve* | ||
| Environmental Management System ** | ||
| Environmental impact assessment required (in accordance with the EIA Act) | ||
| Measurements for dust | ||
| Measurements for noise | ||
| Measurements for vibration | ||
| Environmental risk assessment carried out | ||
| Deviations from the environmental permit *** | ||
| Closure plan for the mine | ||
| Plan for the controlled shutdown of the mine in unexpected situations |
| Yes | No | |
|---|---|---|
| Staff initiative system | ||
| Performance appraisals concerning the entire personnel | ||
| Staff training plan | ||
| Equality plan | ||
| Employee representation in company administration | ||
| Occupational health and safety management system* | ||
| Occupational safety card for everyone working in the area | ||
| Own rescue unit |
Impacts on local livelihoods: mineral exploration is carried out in the reindeer husbandry area in the areas managed by the reindeer herding cooperatives of Isosydänmaa (9,800 ha), Narkaus (7,600 ha), and Niemelä (1,000 ha). Municipalities, local residents, landowners, and reindeer herding cooperatives have been identified as among the company’s key stakeholders. Local businesses, companies and educational institutions are also taken into account in stakeholder collaboration.
Impacts on the recreational use of the surrounding area: according to the company’s own assessment, its operations have not had an impact on the recreational use of the surrounding area.
Impacts on landscape value: the company’s impacts on landscape value have been examined in three separate EIAs, which have examined the landscape impacts of the planned mining project.
Not reported
