Nordic Mining
Nordic Mining ASA is a Norwegian critical-minerals producer operating the Engebø Rutile and Garnet project and developing the Kvinnherad High Purity Quartz deposit. It sells high-grade rutile and garnet to global industrial off-takers under long-term take-or-pay agreements.
- Company typePublic
- Founded2007
- HeadquartersOslo, Norway
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Nordic Mining does
Nordic Mining ASA is a Norwegian critical-minerals company developing and operating rutile, garnet, and high-purity quartz assets in Western Norway. Its flagship is the Engebø Rutile and Garnet project in Sunnfjord (Vestland), an eclogite deposit producing high-grade natural rutile (TiO2 feedstock for pigments, titanium metal, aerospace, defense, and medical applications) and almandine garnet (industrial abrasive for waterjet cutting, sandblasting, and surface preparation). Two adjacent projects — Nordic Quartz in Kvinnherad (hydrothermal quartz deposit classified by the Geological Survey of Norway as of national interest, with pilot-grade high-purity quartz suitable for semiconductor and solar PV manufacturing) and Nordic Titanium (evaluation of Ti sponge production from Engebø rutile) — extend the asset base up the value chain.
The Engebø processing plant uses conventional mineral processing — crushing, grinding, wet and dry plant circuits, and WHIMS magnetic separation — powered entirely by local hydroelectric power, which the company cites as the lowest climate-gas-emission titanium feedstock operation globally. Nordic Quartz pilot work was performed in collaboration with Dorfner Anzaplan GmbH. Material movements benefit from on-site deep-water quay access supporting direct export logistics.
Commercial go-to-market is exclusively enterprise B2B via long-term take-or-pay offtake agreements. Named off-takers include Iwatani Corporation (Japan) for rutile, BARTON Group (US) for garnet, a large unnamed European buyer for rutile, and an unnamed large US buyer for rutile. Pricing is negotiated and undisclosed. Nordic Mining also generates royalty income via a USD 50 million non-dilutive royalty instrument held by Orion Resource Partners against the Engebø project. The company listed on the Oslo Stock Exchange in 2007, transferred to the main board (Euronext Oslo Børs, ticker NOM) in November 2024, and is currently in operational ramp-up with first commercial shipment completed in May 2025. Ownership is dispersed public; operating geography spans Norway, with off-take relationships and shipping reach into Japan, Europe, and the United States.
Nordic Mining firmographics
Firmographics- Name
- Nordic Mining
- Legal name
- Nordic Mining ASA
- Website
- https://nordicmining.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Nordic Mining ASA is a Norwegian critical-minerals producer operating the Engebø Rutile and Garnet project and developing the Kvinnherad High Purity Quartz deposit. It sells high-grade rutile and garnet to global industrial off-takers under long-term take-or-pay agreements.
- Ownership category
- akta.pro rank
Nordic Mining industry classification
Industry- Product category
- Industrial Minerals Mining
- NAICS
- Nonmetallic Mineral Mining and Quarrying (2123), Other Nonmetallic Mineral Mining and Quarrying (212390)
- SIC
- Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Silica & Quartz Mining (Industrial Silica Sand, High-Purity Quartz) (IMAKAGAK)
Keywords
Where Nordic Mining is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices4 records
Markets served
Nordic Mining business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Rutile Sales: Nordic Mining generates revenue from the sale of high-grade rutile concentrate, a premium titanium mineral with high TiO2 content used in pigment production, aerospace, defense, medical sectors, and titanium metal manufacturing. The company has secured two offtake agreements for rutile — one with Japanese trading house Iwatani Corporation and another with a large European customer — on take-or-pay terms, providing revenue visibility.
- Garnet Sales: Revenue is generated from the sale of almandine garnet, a high-performance industrial mineral used in waterjet cutting, sandblasting, and surface preparation. Nordic Mining has a take-or-pay offtake agreement with the BARTON Group for garnet sales, ensuring long-term contracted revenue.
- Royalty Instrument (Orion Resource Partners): Nordic Mining received a USD 50 million non-dilutive royalty instrument from Orion Resource Partners as part of a USD 55 million investment in the Engebø Rutile and Garnet Project. This represents a form of financing that may involve royalty payments tied to future production or revenues.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Take-or-pay offtake agreements for rutile and garnet |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
Nordic Mining product offering
Product offeringCore offering
Nordic Mining extracts and produces high-grade rutile concentrate and almandine garnet from the Engebø eclogite deposit in Sunnfjord, Norway, and is developing a high-purity quartz (HPQ) project at Kvinnherad for semiconductor and solar PV applications. Products are sold through long-term take-or-pay offtake agreements to major industrial customers, with operations powered entirely by local hydroelectric energy.
Product overview
Nordic Mining is a Norwegian mining company with a portfolio of three mineral projects: Engebø Rutile and Garnet (in ramp-up phase, producing high-grade rutile for titanium metal and pigments, and almandine garnet for industrial abrasives), Nordic Titanium (evaluating future production of titanium metal sponge from Engebø rutile for aerospace and medical sectors), and Nordic Quartz (advancing a hydrothermal quartz deposit for High Purity Quartz targeting semiconductor and solar PV industries). The company operates from exploration through production across these strategic mineral value chains.
Differentiator
Problem solved
Functional benefit
Brands
- Engebø Rutile and Garnet: Production of high-grade rutile and almandine garnet from the Engebø deposit in Sunnfjord, Norway.
- Nordic Quartz
- Nordic Titanium
Products and services
- Engebø Rutile and Garnet High-grade rutile concentrate (premium titanium feedstock) and almandine garnet (industrial abrasive) produced from the eclogite deposit in Sunnfjord, Norway, sold to pigment, titanium metal, aerospace, defense, medical, waterjet cutting, and surface preparation industry customers through take-or-pay offtake agreements.
- Nordic Quartz (High Purity Quartz) High-purity quartz (HPQ) from the hydrothermal quartz deposit in Kvinnherad municipality, Norway, targeting semiconductor wafer processing, solar photovoltaic cell production, fiber optics, and advanced glassware applications. Currently in exploration/development phase with pilot results demonstrating semiconductor-grade purity.
- Nordic Titanium Future titanium metal (Ti sponge) production from Engebø rutile output, targeting aerospace, defense, energy, and medical sector applications. Currently under evaluation as a wholly-owned subsidiary.
Quantifiable outcome
- Lowest climate gas emissions among all titanium feedstock producers globally
- +5 more outcomes
Companies that use Nordic Mining
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles4 records
Nordic Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Nordic Mining partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, significant and minor.
- Iwatani CorporationcoreNordic Mining has a long-term take-or-pay offtake agreement with Iwatani Corporation, a major Japanese trading house, for rutile concentrate from the Engebø project. This is a core commercial sales partnership securing revenue for the company.
- BARTON GroupcoreNordic Mining has a long-term take-or-pay offtake agreement with BARTON Group for almandine garnet from the Engebø project. BARTON Group is a US-based industrial abrasives company, representing a key commercial sales partnership.
- Large European Customer (unnamed)coreNordic Mining has a long-term offtake agreement for rutile concentrate with a large European customer, in addition to its agreement with Iwatani Corporation. This provides diversified revenue streams across geographies.
- Unnamed US CompanycoreNordic Mining has a long-term take-or-pay offtake agreement for rutile concentrate with an unnamed large US company, providing additional commercial revenue certainty.
- Dorfner Anzaplan GmbHsignificantNordic Quartz collaborated with Dorfner Anzaplan GmbH to successfully complete pilot testing on the Kvinnherad quartz deposit, producing 800 kg of high-purity quartz material with impurity levels suitable for semiconductor and solar PV manufacturing applications. Dorfner Anzaplan provided technical expertise for processing and purity analysis.
- Hub for Minerals (with Sunnfjord Utvikling, Askvoll municipality, Sunnfjord municipality, Vestland county municipality)significantHub for Minerals is a three-year innovation cluster initiative focused on circular economy solutions, resource optimisation and development of new mineral-based value chains in Western Norway. Nordic Mining's Engebø operation is a key founding partner, alongside Sunnfjord Utvikling, Askvoll municipality, Sunnfjord municipality, and Vestland County Municipality. Vestland County Municipality has committed up to NOK 5 million to support the initiative. The cluster aims to improve utilisation of mineral resources, stimulate innovation, support circular economy, and strengthen education and competence development.
- Systemex (third-party specialist)minorThird-party specialist Systemex assessed the Engebø operation as viable with sufficient installed capacity, providing independent technical validation that the plant can operate at full design capacity.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
Nordic Mining competitors and assessment
Company assessmentDirect peers
- Iluka Resources: Iluka is one of the world's largest producers of natural rutile and zircon from mineral sands, with a direct product overlap with Nordic Mining's Engebø rutile output and a similar end-customer base across TiO2 pigment and titanium metal markets.
- Sibelco: Sibelco is one of the few global producers of high-purity quartz for semiconductor crucibles and solar applications, making it a direct comparable to Nordic Mining's Nordic Quartz asset targeting the same end markets.
- The Quartz Corp: The Quartz Corp is a leading supplier of high-purity quartz for semiconductor, solar, and optical fiber applications and is one of the small group of qualified HPQ suppliers globally — directly comparable to Nordic Quartz.
- Kenmare Resources: Kenmare produces titanium feedstocks (including rutile and ilmenite) from the Moma mineral sands mine in Mozambique, making it a direct peer in the rutile/titanium feedstock segment and a useful read-through on rutile pricing and ramp-up execution.
- GMA Garnet: GMA Garnet is one of the world's largest producers of industrial garnet for waterjet cutting and abrasive blasting, directly competing with Nordic Mining's almandine garnet output from Engebø for the same industrial abrasive customers.
- Base Resources: Base Resources produced rutile, ilmenite, and zircon from the Kwale mineral sands operation in Kenya and is a direct comparable in the mineral sands segment, particularly relevant as a read-across on rutile pricing and African/European export dynamics.
Broad incumbents
- Tronox Holdings: Tronox is a vertically integrated TiO2 pigment producer with captive mineral sands operations including rutile production, serving the same downstream pigment and titanium metal customers as Nordic Mining and offering a benchmark for the rutile-to-pigment value chain.
- Rio Tinto (Iron Ore & Titanium): Rio Tinto's Iron Ore and Titanium (formerly 100% RTIT) operations include titanium feedstock production, making it a broad incumbent peer in titanium mineral sands with significant scale advantages over Nordic Mining.
- Chemours: Chemours is a major global TiO2 pigment producer with its own mineral sands feedstock sourcing, competing in the same titanium value chain as Nordic Mining and providing a useful downstream demand signal for natural rutile.
Emerging players
- Sheffield Resources: Sheffield Resources is developing the Thunderbird mineral sands project in Western Australia targeting rutile, zircon, leucoxene, and ilmenite — overlapping end markets and product portfolio with Nordic Mining, though at a different project stage and geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Nordic Mining social profiles
Digital presenceNordic Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nordic Mining leadership team
Management profileNumber of profiles
Profiles5 records
Nordic Mining subsidiaries and ownership
Company hierarchySubsidiaries4 records
Nordic Mining funding detail
Funding detailFunding overview
Funding rounds5 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nordic Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nordic Mining
What does Nordic Mining do?
Nordic Mining extracts and produces high-grade rutile concentrate and almandine garnet from the Engebø eclogite deposit in Sunnfjord, Norway, and is developing a high-purity quartz (HPQ) project at Kvinnherad for semiconductor and solar PV applications. Products are sold through long-term take-or-pay offtake agreements to major industrial customers, with operations powered entirely by local hydroelectric energy.
Is Nordic Mining a public or private company?
Nordic Mining is a public company. It is classified as public and is currently operating.
When was Nordic Mining founded?
Nordic Mining was founded in 2007. It employs 1 to 10 people.
Where is Nordic Mining based?
Nordic Mining is headquartered in Oslo, Norway, in the Europe region.
How does Nordic Mining make money?
Three revenue lines are on record. Rutile Sales are the primary driver. The others are garnet Sales and royalty Instrument (Orion Resource Partners).
Who are Nordic Mining's main competitors?
Direct peers on record are Iluka Resources, Sibelco, The Quartz Corp, Kenmare Resources, GMA Garnet and Base Resources. Broad incumbents are Tronox Holdings, Rio Tinto (Iron Ore & Titanium) and Chemours. Sheffield Resources is listed as an emerging player.
Does Nordic Mining have an API?
No public API is recorded for Nordic Mining.
What industry is Nordic Mining in?
Nordic Mining's product category is Industrial Minerals Mining. Its primary akta.pro industry code is IMAKAGAK, Silica & Quartz Mining (Industrial Silica Sand, High-Purity Quartz). Its NAICS code is 2123 and its SIC code is 1400.