1938
Otanmäki Fe-Ti-V-deposit was found based on a boulder find in Sukeva village
Menu
Finnish mining and exploration company
Future pioneer in circular economy in mining
Values
Securing employment opportunities
Supporting circular economy
Contributing to regional economy
Ethical governance
ESG
Vision
Support and add value to the Finnish mining and metal producing sector.
Past and the Future
From tailings sand to Helsinki stock exchange
1950
State owned Otanmäki Company is established
1953
Otanmäki mine production starts
1956
From this year onwards main products are vanadiumpentoxide, ilmenite and iron pellets
1960
Rautaruukki Company is established as a spin-off of Otanmäki Company
1968
Merger of Otanmäki Company with Rautaruukki Company
1985
Otanmäki mine's production ceases
2012
Otanmäki Mine company established
2017
Acquisition of Otanmäki mine area real estate by Otanmäki Mine company
2015-2020
New owners to the Otanmäki Mine company in several directed share issues
2021
Otanmäki Mine company starts financing campaign to fund the ilmenite project
2023E
Estimated time of ilmenite production start
Board
Board members are experienced entrepreneurs with total of 65 years in the mining business
Jouko Jylänki
Chairman of the Board, CEO
• Otanmäki Mine Oy, CEO 2012– to present
• Sotkamo Silver Oy, Technical Director 2011–2012
• Sotkamo Silver Oy and Silver Resources Oy, Managing Director 2006–2011
• Pyhäjärven Kehitys Oy, Project Coordinator 2003–2006
• Caledonia Mining Ltd, Poplar Resources Ltd., North Star Diamonds AB, Exploration Manager and Project Geologist 1995–2003
Education: M.Sc in Geology from the University of Oulu, 1994
Hannu Luhtaniemi
Member of the Board
• PCS-Engineering Oy, Chairman of the Board 2021– present, Managing Director 2016–2021
• ABB Oy, Metals and Mining, Key Account Manager 2008–2016 • SiemensVAI, Senior Project Manager 2004–2008
• Rautaruukki Technology Sales, Senior Project Manager 1995–2004
• Saudi Iron and Steel Company, Saudi Arabia, Senior Project Manager 1992–1995
• Rautaruukki Engineering, Electrification and Automation, Project Manager and Chief Project Engineer 1980–1992
• Rautaruukki Oy, Otanmäki and Mustavaara mines, Electrication, Shift Supervisor 1977–1980
Education: Electrical Engineering, Oulu University of Applied Sciences, 1977
Olli Löytynoja
Member of the Board
• Oulu Innovation Oy, Managing Director 1/2005–12/2010, 6/2012–
• Deputy Managing Director 1/2006–5/2010 • Business Oulu, Customer Service Unit Manager 1/2011–
• Technopolis Oyj, Project Manager 9/2003–12/2004
• Investment Bank Schleswig-Holstein, Project Manager 7/2002–8/2003
• City of Oulu, Development Manager 1/2000–6/2002
Education: HHJ –degree, 2014; Executive MBA –degree, TAMK 2010; M.Sc. in Geography, University of Oulu, 1989
Ownership of the Company
Otanmäki Mine company is owned by Finnish investors
Owners consist of 32 private persons and 18 private companies
Management
- Recruitment of key personnel will be performed during the H1/2022
Contact Information
Otanmäki Mine Oy
Kiilakiventie 1, FI-90250 Oulu, Finland
Tel. +358 44 559 3501
jjylanki (at) otanmaki.fi
www.otanmaki.fi