TALV.L Share News (TALV)

TALV.L Information

There is currently no data for TALV

Talvivaara Receives Deadline Dates For Reorganisations

Fri, 17th Jan 2014 12:54

LONDON (Alliance News) - Talvivaara Mining Company PLC Friday said the district court of Espoo has provided deadlines for the reorganisation of the company and its subsidiary.

The base metals producer with operations in Finland said reports on the financial status of Talvivaara Mining Company and Talvivaara Sotkamo Ltd have to be compiled by March 28 and proposals for the respective programmes to be provided by May 28.

The company said that the district court has appointed creditor committees to act as joint representatives of the creditors in the proceedings.

Talvivaara announced its reorganisation programme after the company got into financial difficulty after a sharp decline in the price of nickel early in 2013 and applied for a corporate reorganization in Finland, the equivalent of Chapter 11, after its lenders declined to finance a restructuring on its own.

Earlier this month, the company said it had concluded co-operation consultations with its subsidiary and planned to lay off 246 of its 530 employees indefinitely.

Talvivaara shares were down 2.2% to 6.27 pence Friday.

By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1

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