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Talvivaara sees no cash hit from uranium licence review

Thu, 05th Dec 2013 15:52

Finnish nickel miner Talvivaara has shrugged off a court decision to review a uranium mining licence.Talvivaara said it did not expect any material financial impact from the ruling by Finland's Supreme Administrative Court (SAC), which is asking the Finnish government to reassess the permit due to business changes since it was granted.The news comes as Talvivaara, which halted operations last month after falling nickel prices and production problems hit its finances, launches a restructuring to fend off bankruptcy.Chief Executive Pekka Perä said: "The company has aimed at gradually starting uranium extraction as a by-product during the summer and autumn of 2014, subject to all necessary permits having been obtained by then."As a result of the ruling by the SAC, the production start-up is likely to be somewhat delayed, but we do not foresee this having any material impact on our 2014 financial results."Our near term focus remains on stabilising our financial situation and on enhancing the production of our main products, nickel and zinc."PW

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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