HPP advised Terrafame Group Ltd. and Terrafame Ltd. in a transaction in which Terrafame Ltd. purchased essential assets related to the operation of the Sotkamo mine from Talvivaara Mining Company Plc. The assets being acquired included, for example, the lime plant necessary for the production process, the laboratory, and the geological data related to the mine. The HPP team was led by Managing partner Markku Mäkinen. Partner Tarja Pirinen, Senior Associate Jussi Salo as well as other HPP lawyers were part of the HPP team.
Terrafame Group Ltd. is a special-purpose company wholly owned by the State of Finland. It is responsible for managing the state ownership and exercising the owner’s power at Terrafame Ltd. Terrafame Ltd. is a Finnish mining company producing primarily nickel and zinc by bioheapleaching at its mine located in Sotkamo. The aim is environmentally sustainable, safe and economically viable mining operations. Terrafame Ltd. is owned by Terrafame Group Ltd.