Finnish mining industry generated nearly €33 million in tax revenue for municipalities last year

The mining sector paid out almost €33 million in mineral extraction taxes to Finnish municipalities in 2023, with six municipalities each collecting over €1 million, half of them located in Lapland, reports national broadcaster Yle.

Sotkamo in Kainuu received the highest revenue—approximately €4.9 million—driven by its silver mine and Terrafame’s multi-metal mine. In Lapland, Keminmaa’s Outokumpu chrome mine contributed roughly €4.8 million, while Kevitsa’s copper and nickel mine in Sodankylä generated about €4 million, and Kittilä’s gold mine added €2.4 million.

Elsewhere, Siilinjärvi in Northern Savo collected around €1.7 million, and Kajaani in Kainuu received just over €1 million. The tax, introduced in 2025 to compensate for non-renewable resource extraction, allocates 60 percent of proceeds to host municipalities and 40 percent to the state. This year’s total marked a 5.5 percent increase from the previous year.

Following a recent fourfold tax hike, future revenues will shift to a 30-70 split in favor of the state, prompting some mining firms to announce restructuring talks, including in Sodankylä.