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Bureau of Mines / Minerals yearbook area reports: international 1968
Year 1968, Volume IV (1970)

Klinger, F. L.
Finland,   pp. 227-236 PDF (1.1 MB)

Page 227

  227The Mineral Industry of Finland 
By F. L. Klinger' 
 A high level of activity was maintained in most branches of the Finnish
mineral industry in 1968, despite early uncertainties resulting from devaluation
of the markka in late 1967 and the persistence of strong inflationary trends
in the nation's economy. In March, sweeping controls were established over
wages, prices, rent, interest, and even taxes. These measures, which are
scheduled to remain in force through 1969, were effective in stabilizing
the economy, and with the added incentive of strong foreign demand, production
and exports of many commodities matched or exceeded the levels of 1967. The
construction industry was relatively depressed; however, building activity
was increasing by yearend and a recovery was possible in 1969. 
 There were several significant individual developments in 1968. In mineral
supply, the Luikonlahti copper mine was brought into production and another
was under development near Outokumpu; deposits of 
talc were being developed near Kotkamo, to partially replace imported kaolin
for the large paper industry; and additional deposits of apatite, discovered
in Lapland, increased the known reserves of phosphate and associated rare-earth
metals. In mineral processing, Finland became the only West European country
to produce significant quantities of cobalt and ferrochromium from domestically
mined ores; initial contracts were let for construction of the country's
first zinc smelter; and the flash-smelting process developed by Outokumpu
Oy. was adopted by several more foreign companies. In addition, an important
expansion of rolling facilities was begun at the Raahe steelworks; crude
oil refining capacity was doubled at Porvoo; and plans for construction of
an atomic powerplant at Loviisa were temporarily abandoned. 
 1 Physical scientist, Division of International Activities. 
Production indices of major sectors of the mineral industry were as follows:
(1959 =100) 
Industry sector 
1968 1 
Mines and quarries 2                                      
Primary metal plants 2                                     
Nonmetallic mineral produce plants 2                          
Petroleum refineries                                       
All industry 2                                                          
' Average of monthly indices for 10 months (January—October). 
 2 Source: Central Bureau of Statistics (Helsinki). Bulletin of Statistics
(Tilastokatsauksia), No. 12, December 1968. 
 Estimate based on annual refinery throughout reported by Neste Oy. 

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