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Mine operations Talvivaara Mining bought Terrafame appointed today, Friday the members of the Board of Directors, which is to be raised from a bankrupt operation profitable. Chairman of the Board of Directors initiated an experienced professional Industrial Lauri Ratia. Board members include Esa Lager, as well as Tuomo Mäkelä. The Ministry of Employment and the Economy praises of their skills today in a statement. Ratia has "decades of experience in business restructuring". Lager again has "worked for a long time in industry and the financial sector of the economy, finance and risk management in different positions." Tuomo Mäkelä background of Employment and the Economy, says that he "has been a board member of several mining development and production companies and technical expert in mining finance projects." The Ministry mentions the release, inter alia, from Outokumpu Mining Oy, whose managing director is Mäkelä. Ministry of leave without telling statement that Mäkelä has a background bankruptcy in the past, Talvivaara Sotkamo, which the state bought. Commercial Registry documents show that Mäkelä sat on the mining company's board first spring 2004 to summer 2006 and autumn 2008, after restructuring and bankruptcy until now. HS.n According to Mäkelä was one member of the Board of Directors, signed by the mining company filed for bankruptcy in 2014. Talvivaara Sotkamo filed bankruptcy petition in November 2013 and filed for bankruptcy in November 2014. Talvivaara's bankruptcy was transferred to a public statement in December 2014. Talvivaara has never been able to produce nickel, far from 50 000 tonnes a year - even if it so investors once promised.

Talvivaara employees have state-rescue decision delighted and relieved. Chief Shop Steward believes that the mine problem is solved. State's decision to save the Talvivaara mining gets praise Talvivaara's personnel chief shop steward Jukka Vetolalta. - Workers and the firm's point of view this was a good solution, and certainly the only one which, for example, these metal prices were realistic, Vetola says Taloussanomat. According to him, the Talvivaara employees have received the news with relief and rejoicing. The Ministry of Employment and the Economy reported today that Terrafame Mining to buy a state-owned mine in Talvivaara's business. The Talvivaara Sotkamo bankruptcy workers who are transferred to the employ of Terrafame Mining. "Problems can be solved yes" The mine has suffered during the operation of the many problems. For example, the four leaders of the Talvivaara is accused of aggravated impairment of the environment. Vetolan According to technical problems the mine has already been largely resolved. For example, the mining area to the water situation facilitates the leading wastewater discharge pipe Nuasjärvi Enable.

The Finnish government said it will take control of efforts to restart the troubled nickel mine Talvivaara following failed talks with potential private investors. Talvivaara is going through debt restructuring while its key subsidiary, which owns the mining assets, last year applied for bankruptcy protection following a drop in nickel prices, production disruptions and environmental problems. The government said a new state-owned company, Terrafame, with budget injections of 209 million euros ($228 million), will buy the mining assets and will aim to restart the mine next month in order to avert further environmental damage at the site in northern Finland. It said it was still searching for private investors and might close the mine if no deal can be reached within two years. British investment firm Audley Capital Advisors in March signed a conditional agreement to invest in the mine, but it failed to arrange financing and pulled out of the project. "We aim to expand Terrafame's ownership base, and negotiations with private investors continue," Economy Minister Olli Rehn said. Talvivaara listed in 2007 aiming to become Europe's biggest nickel mine by pioneering an extraction process called bioheapleaching. But repeated production problems were compounded when the mine leaked waste water, causing one of Finland's most serious environmental disasters. The government said it was continuing talks about the listed parent company's possible role in Terrafame. Talvivaara shares, suspended from trading, are owned by about 80,000 Finnish retail investors. ($1 = 0.9152 euros

http://www.9news.com.au/world/2015/08/07/20/50/finnish-govt-rescues-bankrupt-nickel-mine

hard to tell this could go either way for us

80 000 Talvivaara money may disappear once and for all If The Talvivaara small investors are not included in the new company, their investments are finally gone, says the president of the Confederation of Shareholders Timo Rothovius. Some of the Talvivaara shares that owned small investors would be willing to participate in the new mining companies, says Chairman of the Shareholders of the Central Timo Rothovius. - The owners of about 80 000. It is a huge number, and I believe that this part of the gang could be found who would be willing to continue to accentuate the fund, Rothovius says Taloussanomat. Unless they are not included, investments are finally gone. Many would like to save the investment. The Ministry of Employment and the Economy (MEE) today announced that Terrafame Mining to buy a state-owned mine in Talvivaara's business. The company will become the mining operator in Sotkamo. The fact that the mining companies have not been found outside, looks Rothoviuksen of the bad. TEM: in the state, however, the aim is to get mine in private financing and ownership. Ministry's bulletin does not, however, refer any listed company Talvivaara's participation in the new company. Rothoviuksen according to a stock exchange, Talvivaara should be a shareholder in the new company. According to him, the company has announced that it will be able to obtain more funding. Rothovius hopes that the company give even the opportunity to acquire funding.

http://yle.fi/uutiset/govt_steps_in_to_save_talvivaara_mining_operations/8209752

wrong board surprise surprise

I can just see you zipping up and down the prominade on your mobility scooter! sticky vicky ..legend

State takes over Talvivaara State takes over the Talvivaara when fully state-owned company Terra Fame Mining Ltd buys the mine 's bankruptcy . The deal makes it possible to get started mining operations in the Talvivaara again and at the same time improve environmental protection around the Talvivaara

http://svenska.yle.fi/artikel/2015/08/07/staten-tar-over-talvivaara

would be nice to get on one of these boards.. for eg http://www.taloussanomat.fi/perusteollisuus/2015/08/07/valtionyhtio-ostaa-talvivaaran-kaivoksen/20159994/12

Hopefully, the price of nickel will slowly begin to rise that we the taxpayers we could get even a little Facts ruokkojen the burden as a result. Get contribute if the senior management should work in peace rather than green political pressure to which the Talvivaara crashed. Talvivaara did not receive fair treatment, such as has not been Fennovoima mention the many not the operator. Perfect Win-Win situation. Terrafamen uranium Fennovoima power plant Pyhikselle. I support! Toivonpa that also led to the likaamisoikeudenkäyntiin events talutetaan officials responsible brought to justice. Otherwise, place a miscarriage of justice stern and other company leaders point. I do not exclude organic pollution, and I am defending truth in this, but it is quite unusual that only these men will be challenged if they are at Ely center licenses, authorization and supervision. It is also interesting how the new responsible persons be punished, ministers from where Oulujoki now, however, ruined by. Is it somehow less polluting after someone else has it started. After all, the stolen goods else gets to keep, even though it would acquire in good faith. May be sued concealment of stolen goods.

The state-owned buy the Talvivaara mine. Terrafame Mining to buy the mine operations Talvivaara . It is a wholly state- owned Terrafame Ltd's subsidiary . Terrafame Mining to buy a state-owned mine in the business , labor and the Economy informs the Talvivaara . The Talvivaara Sotkamo bankruptcy workers who are transferred to the employ of Terrafame Mining . The arrangement is expected to be completed in mid-August , after which Terrafame Mining will become a mining operator in Sotkamo . Terrafamea capitalized by EUR 209 million to mine ownership and financing arrangements for participation . Its aim is to secure the mine environmental situation and get mine in private financing and ownership in order to create long-term operating conditions.

sorry missed a bit 'Talvivaara's actual business is currently in Talvivaara Sotkamo bankruptcy estate. Terrafame Mining intends to buy a business that way. "I do not know the purchase price, but it is certainly low. EUR 209 million granted by the state project to wear in practice, the resumption of production at the mine," Stern says. Talvivaara has not been mined ore after 2013 and the launch of profitable production requires Stern, among others, the construction of heaps. Why the launch of the Talvivaara nickel mine needed to listed companies if the business is a once in Talvivaara Sotkamo bankruptcy estate? This is according to Stern simple reason: Publicly quoted Talvivaara is owned by the production and protection of the environment vältättämättömiä equipment, technology and personnel. "Knowledge is we, our personnel. Within production should, inter alia, to adjust the pH levels. In order to coagulants work, then there is bound to be a neutralizing agent, which is produced by a listed company Talvivaara owned by the lime plant," says Stern. In addition, water purification and metals recovery is needed slaked lime, so the equipment and skills needed for the protection of the environment are the listed company. "The mine's core competence is the listed company enrolled personnel," Stern says. Stern believes that the decision of Talvivaara's operations re-start will be soon. HS: The data show that the issue is Economic Policy Committee of Ministers next week. "It is urgent to get the stone material is made to move in the quarry, so that we lämmönmuodostuskapasiteettiä the winter and the environmental things right," says Stern.

what do we think may be a new name terrafame mining.. so many scenarios. al lthat debt converted into equity either in the old share issue or a new one ino talv or terrafame but will ours be added to it or wiped out.. hopefully now the govt will bail this out alone they wont wipe us out if so they wouldnt be very popular with the finnish investors plus who would want to invest in this again. at least with no one else involved there is no one else calling the shots with their money on the table which i am hoping is a good thing

Pekka Pera listed Talvivaara's CEO, says that Talvivaara's shares on the Helsinki Stock Exchange may well be of value in the near future. Now the volume of shares has been suspended, ie in practice, it is worthless. "The value of the Talvivaara ************** will depend on what happens in the near future negotiations," Stern said on Wednesday, the second day after the Talvivaara-standing parliament. Stern sat in the morning in the dock in Kajaani, but flew to Helsinki for the evening talks. The negotiations will be playing in addition to the money Talvivaara shareholders Stern own future listed company's CEO. Related Articles Defence and prosecutors piikittelivät Talvivaara assizes 06/08/2015 Short-term negotiation Stern refers to the state with the organization of the mining corridors negotiations. "Negotiations will continue in good spirit Stock Exchange Talvivaara's role in the new Talvivaara ramp-up," says Stern. Helsingin Sanomat reported on Wednesday that the state will take the lead in completely the problem of Talvivaara mine rescue operation. Again, a new situation was created when the negotiations with the partner companies have not yielded results during the summer. The state is headed for a scenario where a new state- Terrafame Mining alone will take to raise the mining commercially viable enterprise. Stern 's interlocutor is the Chairman of that company's new Board of Directors. Helsingin Sanomat has learned that he is the Industrial Lauri Ratia . Ratia is an experienced business executive and professional board member. Also Terrafame Mining's CEO nomination should be HS : According to information already in the final stage. Search has been internationally distinguished expert . "It 's not me , but I have a hunch yes the name ," says Stern .

if all those investors lose their money they will write it down in their tax returns.. at the govts expense

thanks for that . that just MIGHT be positive.. seeing as they are a significant shareholder themselves as our some of the mp's I guess

i was trying to ignore that tbh... wel its been on the cards for a while.. dont need this right now want to here when we are going to start trading again and the outcome of the re org