Talvivaara has warned of possible bankruptcy if it fails to gain extra financing, just six months after its last fundraising. Shares in the struggling Finnish nickel miner have plunged by 94 per ...
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· Finland's Talvivaara digs up Eu100m for nickel mine June 30, 2010 06:16 PM Nordea, Sampo Bank and Svenska Handelsbanken are mandated lead arrangers on the facility, which is understood to be a club.
· The Helsinki District Court has sentenced exCEO of the bankrupt Talvivaara Mining Company, Pekka Perä, to a fine and an eightmonth suspended prison term for providing false or misleading information about nickel production forecasts. The company's former mine director was also slapped with a suspended prison term and a fine for misusing insider information.
· · Talvivaara <> <> CEO Pekka Pera still has the one euro coin he used to buy the rights to ore deposits at the company's nickel mine in .
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Stalkers in Talvivaara mining zonesa synopsis for ongoing documentary project. In the beginning it felt like a daydream. "A God's gift for the whole Kainuu region" wrote a local newspaper in 2007. And the hype was spread around the world. New green, almost organic and cheap bioheapleaching methods could bring a revolution to mining.
Shares in Talvivaara Mining, the Finnish nickel producer, dropped sharply after it announced plans to place nearly 25m shares – equivalent to 10 per cent of its existing equity base – to fund ...
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PATTEN, Maine (AP) — The head of a Canadian mining company has defended comments in which he touted the state of Maine as a good place to do business because of a lack of rights for tribal groups. Wolfden Resources wants to develop a precious minerals mine in rural Maine.
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· Economic Affairs Minister Olli Rehn confirmed Wednesday that the government is proposing putting an additional 112 million euros into the Talvivaara mining group. The minister's comments followed reports by the daily Helsingin Sanomat that the state needed to fork out more money because the proposed new owners of the mining group haven't been able to come up with all the .
Talvivaara Mining Comment. Finlands Ahtium Oyj, previously named Talvivaara Mining Company, which ran a troubled nickel mine in northern Finland, has filed for bankruptcy after failing to secure financing for future projects, it said on Tuesday.
Talvivaara established in 2004 and acquired permits to commence nickel mining in the Sotkamo area of Eastern Finland (Figures 1 and 2). Metals production commenced in 2008 and by 2010 the mine had experienced its first pollutant leaks, from the g This major leak (which also contained uranium) was publicly announced by
· Mining our green future. The green energy revolution is heavily reliant on raw materials, such as cobalt and lithium, which are currently mainly sourced by mining. We must carefully evaluate ...
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· PA Media. Boris Johnson has been urged to apologise for "offensive" comments about Margaret Thatcher helping the environment by closing coal mines.
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· British investment firm Audley Capital Advisors said on Thursday it has signed a conditional agreement to buy the key assets of nickel miner Talvivaara from its bankruptcy estate, aiming to bring the troubled mine in northern Finland back to life. Talvivaara's subsidiary, which owns the company's mining assets, applied for bankruptcy protection last year following a drop in nickel prices ...
Finnish nickel miner Talvivaara has been given until November 29 to provide further information relating to its appliion for corporate reorganisation to the Finnish authorities.
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