FinnCobalt

FinnCobalt (aka Vulcan Hautalampi Oy) is a private Finnish company which owns the ground and all mining rights of the Hautalampi Cobalt-Nickel-Copper Mine. The Hautalampi Mine is located in Outokumpu town and has been previously known as the Cobalt-Nickel parallel of the historic Outokumpu (Keretti) Copper mine. Outokumpu Oyj developed the Hautalampi Mine from 1985 to 1986: 11 kilometres of diamond drilling,  a boxcut, 2.1 kilometres of drifting, including the decline and the ventilation rise,  was done but the project was ceased due to a sudden collapse of the cobalt price.  The project was further developed between 2007 and 2009 by drilling an additional 10 kilometres and preparing a complete Feasibility Study.

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