In October 2008, a 3-year exploration targeting alliance was initiated between Newgenco Exploration (Fennoscandia) Pty Ltd and TSX- and LSE-listed First Quantum Minerals, to explore for large magmatic nickel-copper-platinum group element sulphide (Ni-Cu-PGE) deposits iN Finland, Norway and Sweden.
First Quantum is one of the fastest growing copper producers in the world and 100% owner of the Kevitsa Ni-Cu-PGE deposit in Finland.