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Sector movers: Talvivaara leads industrial metals lower on leak issues

Tue, 13th Nov 2012 15:48

Another heavy fall from nickel miner Talvivaara ensured that the industrial metals and mining sector was the worst performing sector of the day on Tuesday.Talvivaara plummeted again today as market continue to speculate about the impact that last week's gypsum pond leakage at its project in Finland will have on production. Speaking overnight to Finnish broadcaster Yle's current affairs programme A-studio, Talvivaara Chief Executive Harri Natunen said that taxpayers will not have to shoulder the clean-up cost at the mine.According to media reports this afternoon, toxic amounts of nickel have been found at a nearby lake. The Finnish Environment Institute is reported to have said that concentrations now exceeding the level "regarded as harmful to organisms". Uranium concentration is also now thought to be a concern.Shares, at just over the 87p mark, are well off the 130p level seen before the leak was first reported at the start of the month. Watermark, Bellzone Mining and Tri-Star Resources were also heavy fallers today.The industrial metals and mining sector has now lost nearly 13% over the last week; the sector average has dropped by almost a half over the past 12 months.Top performing sectors so far todayFixed Line Telecommunications 2,673.97 +1.24%Media 4,585.66 +0.76%Household Goods & Home Construction 7,896.43 +0.58%Real Estate Investment & Services 1,824.93 +0.55%Beverages 12,913.23 +0.53%Bottom performing sectors so far todayIndustrial Metals & Mining 2,368.22 -3.16%Forestry & Paper 6,845.20 -3.05%Mobile Telecommunications 3,763.23 -3.00%Personal Goods 19,202.54 -2.08%Mining 18,020.24 -1.34%BC

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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