TALV.L Share News (TALV)

TALV.L Information

There is currently no data for TALV

Talvivaara Mining to restart production at nickel mine

Wed, 21st Nov 2012 10:44

Finnish miner Talvivaara Mining has received a permit to restart the metals recovery plant at its Sotkamo nickel mine and expects full production to resume by November 25th. Production had been temporarily suspended since November 4th following a gypsum pond leak at the mine. The Kainuu Centre for Economic Development, Transport and the Environment (Kainuu ELY Centre) granted permission after Talvivaara provided clarification on metal production process control on three separate occasions: November 8th, 13th and 19th.In addition to these clarifications, the re-start permit was based on the combined inspection conducted on November 19th 2012 by the Kainuu ELY Centre, the Finnish Safety and Chemicals Agency (Tukes) and the Radiation and Nuclear Safety Authority (STUK). Following risk assessments undertaken in conjunction with evaluating the re-start permit, the Kainuu ELY Centre also stipulated that Talvivaara must improve the mine's water balance, make dam safety improvements, as well as tighten up on monitoring and reporting.Speaking exclusively to Sharecast, new Chief Executive Officer (CEO) Pekka Pera explained: "We don't think that that the cost of the improvements will be huge in comparison with what we have already invested over the course of the past year as the reverse-osmosis plant is already built. Although the additional costs relating to the dam construction is still unclear."The failings at the plant cast doubt on the firm's ambition to increase quarter-on-quarter output in the final three months of the year and cost the former CEO, Harri Natunen, his job. Talvivaara has stated that it will provide updated production guidance for the full year 2012 during the week commencing November 26th. CM

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