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Home Steel News Outokumpu invests €200 million on Kemi mine
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Outokumpu invests €200 million on Kemi mine

28 Dec 2018 13:27 reported by Alex Lo

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Finland Stainless steel manufacture Outokumpu has announced to sign two loan finance with long term project, total value €200 million, in order to invest mine area in Kemi.

The company will access the chromium in Kemi as the chromium is the necessary raw material for steel making.

Outokumpu mentioned that the half capital expenditure of corporation will be from the load finance from 2019 – 2022 and this load will be valid in 2030.

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