this sounds good7 Aug 2015 17:39
Minister of Economic Affairs Olli Rehn (center) believes that the state can get a new state-owned company, Terrafame Mining allows even invested a considerable part of the Talvivaara mine money back.
"The state can gain a significant part of, but, frankly, certainly not everything. Talvivaara is already in direct budget funding have been used. Indirect costs have also emerged significantly."
Labor and elinkeinoministriö today announced the arrangement in which the Terrafame Mining to buy Talvivaara Sotkamo bankruptcy estate of the mining business.
The new Chairman of the Board of Directors was appointed by Lauri Ratia.
"Now it's about minimizing the damage and the fact that we strive to seek a commercially viable solution that will help at the same time to solve the major water and environmental problems Talvivaara," said Rehn.
Rehn also contemplates that Talvivaara has the potential to reach a commercially viable enterprise.
"It has the potential, if the business and operational activities is put in place in case of environmental problems solved, and if the price of nickel begins to develop even a reasonably favorably," said Rehn.
"At least all Terrafame Mining executives and employees of Talvivaara are aware that this is now a showcase."
According to Rehn, without private investors Talvivaara is not in the long run, however, operating conditions.
"It is clear that Talvivaara can not be endlessly rotated by state funds, but mine is to be profitable, and it has to involve private investors. It is a condition for the Talvivaara mine in the business can continue in the long strainer," said Rehn.