Yara International ASA has made a preliminary decision to halt development of its Sokli mining project in Finland, due to the anticipated profitability of the project being below Yara’s requirement.
Before concluding, Yara will seek to finalize the process of obtaining environmental and mining permits and clarify other prerequisites for project execution. Yara may also re-evaluate the project in the future.
The book value of Yara’s Sokli investment is EUR 18.5 million.