another yle translation from today30 Apr 2014 15:55
We are fortunate that the results got delayed to the last minute . If they would have told me in February , as usual, the nickel market sentiment would have been quite different , says the mining company Talvivaara CEO Pekka Pera .
In the winter of nickel on the world market was less than $ 15 000 per tonne. Spring has been a sharp rise of more than 18 000. The market has completely changed the atmosphere of the rear significant impact on the economy.
Stern hopes that investors and shareholders would be easier to convince now than last fall , when it was forced to seek financial restructuring. Now the production curve from one Sotkamon the heap shows that in the first half of ore have been produced for more than 30 000 tonnes per year pace , Stern presents.
Directly to the CEO Stern says that on the eve of May Day published in the year-end statement is " creepy " . Last year's ugly loss in excess of EUR 700 million. The reason for the write-downs, which are based on , for example, the general view of the world nickel price. May be too modest , Stern fires :
- All we're sure you will agree that this situation must be very careful in the parameters .
Rear view of nickel at current prices would have resulted in write-downs more bearable .
In any case, the cold truth is that the lack of funding . Talvivaara must first ensure funding before it has any practical use , for example, on the eve of May Day liienneestä the uranium license. Northern Finland Regional State Administrative Agency granted the environmental permit for the Talvivaara mine uranium recovery facility .
- We have all the time negotiations with investors - not only uranium , but everything else . The world's leading uranium processor [ Canadian Cameco ] is our customer and with them we have a very good cooperation, Pekka Pera says.
http://yle.fi/uutiset/pera_talvivaaran_hirviotappiosta_nayttaa_kammottavalta_mutta/7215193
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