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The Board will propose to the draft supplementary budget increases funding for evil to safeguard the operation of the mine in difficulty Talvivaara, says two sources familiar with the matter Helsingin Sanomat. State's additional financial magnitude of just over € 100 million and will address the state investment company Terrafamelle, which is negotiating the purchase of the mining business with investors. The Government will submit a supplementary budget to Parliament on Wednesday. The Ministry of Employment and the Economy will hold a press conference this morning. Fact Difficult negotiations on the financing of the Abolition of the Talvivaara mine would be economically worst option. The Ministry of Employment and the Economy is wanted mine was originally an industrial investor who would take the biggest responsibility for the continuation of mining operations.

The situation is the trickiest of Solidium's point of view. The government has in the past openly wished parent Talvivaara bankruptcy. Both ex-Minister of Economic Affairs, Jan Vapaavuori, the head of the Ownership Steering Unit Mr Heliövaara expressed a wish to the public. If on the other hand, Solidium oppose velksaneerausta, it would work against the interests of other shareholders. Masala justifies a cautious position Solidium in Talvivaara unstable situation. He says Solidium's default, to support the restructuring, if it has a chance of success. Plain liabilities refurbishment of the parent is not Talvivaara still save. The mother also needs to find a credible business model and adequate funding, which can be difficult. One can not know what will happen Uncertainty maternal survival cause, inter alia, the letter of intent announced in March, according to which the British Audley Capital to buy the mark applied for bankruptcy in Talvivaara Sotkamo mining operations in conjunction with the state-owned Terrafame-specialty company. Also, the parent Talvivaara has announced interest in participating in the new mining companies, but had previous knowledge, dripping off the joint. - Situation in bankruptcy can also affect the parent company. Talvivaara is pretty exceptional situation, and one week will be able to know what happens next. Therefore, I would like to leave without making strong statements before the show where we are, says Masala. One can not know what will happen Uncertainty maternal survival cause , inter alia, the letter of intent announced in March , according to which the British Audley Capital to buy the mark applied for bankruptcy in Talvivaara Sotkamo mining operations in conjunction with the state-owned Terrafame - specialty company . Also, the parent Talvivaara has announced interest in participating in the new mining companies, but had previous knowledge, dripping off the joint. - Situation in bankruptcy can also affect the parent company. Talvivaara is pretty exceptional situation , and one week will be able to know what happens next . Therefore, I would like to leave without making strong statements before the show where we are, says Masala . A week ago, entered the public domain estimates Audley financial difficulties have raised again the wish of the parent Talvivaara's shareholding in the new mining company . However, this would require a successful debt restructuring , but also tens of millions of new money .

Solidium cautiously positive Talvivaara the arrangement - in the hands of the fate of small investors State holding company , Solidium is a lot of guardian of the Talvivaara shareholders will vote soon as possible as regards debts into shares. Solidium's position can resolve the fate of small investors . Now, the arrangement Solidium blink pale green light, but the final position will be until the Annual General Meeting . State holding company Solidium cautiously welcome the Talvivaara creditors offer the exchange of debt into shares. Quite definitely the largest shareholder in Talvivaara's position, however, does not want to nail down, because the corporate restructuring of the parent company's situation presents a lot of uncertainty. - We have not directly commented on the matter, but the fact of course is that if the bill does not go through, the restructuring can not proceed. And that's when the company's future is pretty questionable, says Solidium's investment director, Hanna Masala. The offer set out in Talvivaara's creditors, the creditors voiivat muuttaaa unsecured velakansa the company's shares. The vote held after the Midsummer Talvivaara's Annual General Meeting. he offer set out in Talvivaara's creditors, the creditors voiivat muuttaaa unsecured velakansa the company's shares. The vote held after the Midsummer Talvivaara's Annual General Meeting."Benefit the owners take into account" Changing the debts into shares is part of the parent Talvivaara's corporate restructuring. Annual General Meeting resolution requires 2/3 support so that it can go through. If the proposal falls, the face of bankruptcy. In this case, the Talvivaara 80 000 small shareholders will have to finally say goodbye to their money. Solidium's position is irrelevant, because the company has a rich 15% stake in Talvivaara's largest individual shareholder. Solidium is a Masala, however, participated in the discussions, when Talvivaara corporate restructuring attending Pekka Jaatinen has prepared its proposal. - Sure, we have been involved in this debate, and the shareholders' point of view is certainly taken into account in the vote. That it seems that this time the situation is clear, Masala twists. The state has wanted to bankruptcy

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