Finnish mining and exploration company

Future pioneer in circular economy in mining and critical minerals and metals producer in the EU-area


Securing employment opportunities

Supporting circular economy

Contributing to regional economy

Ethical governance


Support and add value to the Finnish mining and metal producing sector.

Past and the Future

From tailings sand to Helsinki stock exchange


Otanmäki Fe-Ti-V-deposit was found based on a boulder find in Sukeva village


State owned Otanmäki Company is established


Otanmäki mine production starts


From this year onwards main products are vanadiumpentoxide, ilmenite and iron pellets


Rautaruukki Company is established as a spin-off of Otanmäki Company


Merger of Otanmäki Company with Rautaruukki Company


Otanmäki mine's production ceases


Otanmäki Mine company established


Acquisition of Otanmäki mine area real estate by Otanmäki Mine company


New owners to the Otanmäki Mine company in several directed share issues


Otanmäki Mine company starts financing campaign to fund the ilmenite project


Estimated time of ilmenite production start


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


  • Recruitment of key personnel will be performed during the H1/2022