TALV.L Share News (TALV)

TALV.L Information

There is currently no data for TALV

Finnish state mulls over increasing stake in Talvivaara

Fri, 15th Mar 2013 09:43

The Finnish government may double its stake in troubled nickel producer Talvivaara, according to reports Friday.Minister Heidi Hautala said the Finnish state's interest in the company could be increased to about 18%, along with its commitment to subscribe shares in the miner's rights issue. "If... other shareholders would not use their right to subscribe shares, it(the government stake) could increase to somewhere around 18%," Hautala told the parliament on Thursday, according to Reuters.Her remarks come after shareholders last week agreed to stump up €261m to keep the Finnish firm's mine running and help it recover from a costly waste water leak in November. Shareholders backed a discounted share sale to bring the Sotkamo mine back to normal production this year. The company said it would issue up to 1.6bn new shares to existing shareholders at €0.16 each, a markdown to the current price of around €1.05.Talvivaara's shares retreated in Friday morning trading as hard times continued to hit the miner. The value of its shares has fallen by over two-thirds over the past year.The company reported an operating loss of €57m in the fourth quarter as a result of the waste water leak along with series of production disruptions including the death of a worker and excess rain water that forced it to halt ore mining and crushing in September. RD

More News

4 Jul 2014 15:48

Sector movers: Evraz lifts industrial metals higher

A surge in the share price of steel group Evraz helped the industrial metal and mining sector to the top of the pile on an otherwise quiet trading session in London. While markets were subdued on the whole, with analysts citing low volumes due to a public holiday in the States, Evraz shares were 5.

13 Jun 2014 14:54

Talvivaara To Delist In London, Remain On Helsinki Exchange

LONDON (Alliance News) - Talvivaara Mining Company PLC Friday said it plans to cease trading on the Main Market of the London Stock Exchange as it seeks to reduce the costs associated with the listing. Talviaara said there is no significant benefit in maintaining its London listing, given t

28 May 2014 07:13

Talvivaara Mining Pretax Loss Narrows

LONDON (Alliance News) - Talvivaara Mining Company PLC Wednesday reported that its first-quarter loss before income tax narrowed to 17.12 million euros from 31.73 million euros in the prior year quarter. Loss attributable to owners of the parent narrowed to 14.57 million euros from 21.01 m

21 May 2014 13:04

Talvivaara Mining Granted Deadline Extension For Reorganisation

LONDON (Alliance News) - Talvivaara Mining PLC Wednesday said it has been granted a deadline extension for submitting its proposals for its reorganisation programme. In a statement, the base metal producer with operations in Finland said it has been granted a deadline extension by the Dist

14 May 2014 08:09

UPDATE 1-Talvivaara plans to delist from London bourse

(Adds comment, background) HELSINKI, May 14 (Reuters) - Troubled Finnish nickel miner Talvivaara plans to delist its shares from the London Stock Exchange, leaving its only listing in Helsinki, in a bid to cut costs. Hurt by falling nickel prices and repeated production disruptions,

14 May 2014 06:10

Talvivaara plans to delist from London bourse

HELSINKI, May 14 (Reuters) - Troubled Finnish nickel miner Talvivaara plans to delist its shares from the London Stock Exchange, leaving its only listing in Helsinki, in a bid to cut costs. The firm said the London delisting, if approved at its shareholder meeting next month, would take ef

29 Apr 2014 05:17