The new mining tax and other government measures will cost Outokumpu approximately 50 million euros.
On the other hand, the press release states that chrome concentrate could start to be imported, and that a 200 million euro investment is not mandatory.
Shareholders will naturally suffer considerably from tax increases in a struggling industry, but on the other hand, new investment money will be saved for somewhere else. 
At the same time, Finland’s emissions will not rise but fall, and those who speak of Finland as the Congo of the North can be proud.
The government’s proposed increase in the mining mineral tax on the current tax base significantly impacts Outokumpu’s operations. For Outokumpu, the fourfold increase in the mining mineral tax, the removal of electrification support, and the change in the electricity tax class will weaken Outokumpu’s profitability by approximately 50 million euros per year. Of this, the mining tax accounts for approximately 27 million euros, calculated with current extraction volumes. The measures affect the mine’s lifespan, profitability, and the EU’s mineral self-sufficiency.
In ferrochrome production, the mine’s cost share is approximately one-third. The mining mineral tax and the increase in the electricity tax class will raise the costs of lump and fine concentrate, which are end products of the Kemi Mine, by approximately 25%. Due to the significant cost increase, Outokumpu must initiate investigations into importing chrome concentrates into Finland. If implemented, this would reduce the Kemi Mine’s production.
“If the tax base for the mining tax is not re-examined and the mining tax quadruples, our investment plans in Finland will not materialize. Ensuring the availability of critical minerals in Europe is important, and one of the focus areas of our new strategy is to meet the increased demand for low-emission ferrochrome. However, this is not possible with weakening profitability, and it is a very regrettable matter from the perspective of the green transition,” says Outokumpu CEO Kati ter Horst.