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Talvivaara proceedings may be divided into two parts The prosecutor presents the Kainuu district court that the Talvivaara environmental criminal proceedings would be distributed in two. The District Court has not yet decided how to proceed. Environmental Criminal proceedings Talvivaara and its few leaders may be divided into separate criminal and tort litigation. The prosecutor Heikki Ylisirniö reasons for the request , the streamlining . - It would make it easier for yourself in criminal proceedings, the course of the first to determine whether a crime occurred. If the result is a final judgment , it should be followed for damages proceedings, the question only sums. If, however, would result in the rejection of the charges , the right to not have to go at all. Ylisirniö , the procedure is pretty standard environmental legal proceedings. At this point, the Talvivaara future proceedings , the plaintiff has only seven , but the district may expand considerably higher. Environmental legislation on the basis of their claims for damages , which are now authorized at the discretion of the Northern Finland Regional State Administrative Agency for reading , can not be dealt with if there is a criminal case, the process of running . In practice, the right to a separate trial would reduce the burden on ordinary criminal proceedings , when a large number of claims applicants do not have to deal with criminal procedure among men. The right to use the countermeasures become res judicata. In practice, it will also allow the current corporate compensation may not be required at this stage , but things could go back to a new trial . Prepare the model is not Kainuu district court is still seeking , who are all part of this so-called injured party circuit. Judge Jyrki Määttä notes that precisely this is the next big package , which will be explained before the opening of the trial . - It is the Regional State Administrative Office to find out what there duties for compensation of the applications discussed in relation to criminal proceedings . The right has sent a notice to them . It may be something to the forest industry and fish kills related lawsuits since the 1970s , but the rules have changed since then several times. Of the models is not. - Riitta Riihimäki Northern Finland Regional State Administrative Agency deals with Talvivaara related to claims for damages in two clusters. The second is for the authorized activities related to compensation issues , which are handled automatically. The second group is those requirements that are related to the authorization and contrary to unexpected demands , says Environment Counsellor Riitta Riihimäki . - It is planned that this group is made to the District Court a contact listing . It is thought that specifies the list of those who have a clear requirement in euros and then the interpretation of the law requirements, for example, reserved the

talvivaara Sotkamon bankruptcy workers hurried on Tuesday afternoon for cars at the end of the work shift . Deputy Chief Shop Steward Jukka coil count on the company's future. "Good, that Talvivaara will be saved. Here, we have been in trouble ," says Sotkamon center of trade walker haste to HELKA Lukkari . A high school student Elsia Korhonen is still concerned about the mine's emissions , the mining continues. " I am confident that the new Talvivaara manage environmental affairs in the future , the international company will be able to start with a clean slate ," says sotkamo pensioner Raimo Tervo . Tervo , almost every sotkamolaisella is a relative or an acquaintance working at Talvivaara. Sotkamon Mayor of Petri Kauppinen believes that the good news can be folded in Kainuu and Sotkamo that began a downward spiral . Mining Jobs are important to us . Every autumn about 70 young people will have to decide whether to stay in Sotkamo or whether the future of the south ," says Kauppinen . He delights in the positive news. Her goal is to keep the population of 10 000 in the better side . Today, Sotkamo is 10 682 inhabitants. Sotkamon attending the first grade of high school Riikka I guess digit indicates that the older sister just moved to the metropolitan area. "He went to work at first , but looking for a study ," Rikka said. Mine is the contractors , including about 500 workers , while still working at the turn of the year had about 900 employees . "As early as 400 the work of the detective increase has exacerbated the already long-term unemployed position . Kainuu , the unemployment rate is about 15 ," says Regional Council of Kainuu Pentti Malinen . Talvivaara was at the gate Tuesday afternoon, confusing atmosphere, where employees rushed to cars at the end of the work shift . " The end of work, have no fear , if the news is true ," said the subcontractor breads Talvivaara's new water treatment plant in a container constructive Jouni Gardemeister . Talvivaara's deputy chief shop steward Jukka Reel expect that the company 's financial position is confirmed to open for about a year to have a breakaway nickel ore mining . The coil is confident in the company's future. "Why the mine was closed , the leaching of the ore has been now properly work. " Tapio Great for HS

perhaps its all down to just this now! thoughts please!

alvivaara liquidator promises : Solution for December Tuesday, 11.18.2014 at 17.53 Listed Talvivaara corporate restructuring, insolvency administrator Pekka Jaatinen assure that the financial negotiations with the mining of the future of a realistic background. ( TOMMI PARKKONEN ) ALSO READ The administrator Jaatinen Talvivaara parent company may sell its expertise Talvivaara born on the ruins of the old company can not avoid environmental liabilities Free Mountain Winter Hazard : The initial interest in the plausible sources HS : Talvivaara found a savior - Financial permit a large international company - The plan is realistic, but a lot of work to be done to make it a goal, Jaatinen says Iltalehti . arsinaisesta mining, Talvivaara Sotkamo answered already gone bankrupt. Stock Exchange , the parent company Talvivaara , however, is still standing. State Ownership Steering Unit Manager Mr Heliövaara said in Tuesday's newspaper Helsingin Sanomat that the parent company should apply for bankruptcy. - Talvivaara need for new leaders so that they can be caused by damage to society aside, Heliövaara says in an interview . Jaatinen is responsible for the organization of businesses is to the new company, which will start with a clean slate . - New investors also bring their own leadership - not overlooking any of the expertise that the company has so far developed. The company versus the state ? alvivaara and the state is now going on between the match , the Government would like to put the company into bankruptcy but the company is fighting for his life ? - It's probably the wrong interpretation . The project is so difficult that only cooperation we take this on now. Jaatinen by Talvivaara's environmental liabilities amounted to a bankrupt Talvivaara Sotkamo . - Now comes the individual evaluation , what kind of responsibilities will be movable in an insolvent estate may be sold with the wealth .

problem here imo is that the govt dont care about losing there 200m shares as long as they get someone to run the mine going forward , manage the environmental issues and make it profitable long term but as for our shares thats the last of their worries

Economic Affairs Minister calls for special audit of Talvivaara mining company Economic Affairs Minister Jan Vapaavuori has called for a special audit of the bankruptcy estate of Talvivaara’s mining subsidiary in Sotkamo. He added that filing for bankruptcy might also be a good option for the parent company Talvivaara. The minister’s cold shower followed optimistic speculations about a possible investor by the administrator handling a restructuring programme for the Talvivaara group. Jan Vapaavuori. "Steady on," Economic Affairs Minister Jan Vapaavuori said to reports that Talvivaara's mining subsidiary had found an credible investor. Image: Kimmo Rauatmaa / Lehtikuva Economic Affairs Minister Jan Vapaavuori said that a special audit could be in order for both the Talvivaara’s mining subsidiary and as well as its parent company. The mining company filed for bankruptcy earlier this month, however the parent company is still undergoing a restructuring programme. “It’s such a big, significant and public bankruptcy that to avoid any confusion, everything that has happened up to this point should be carefully examined,” Vapaavuori said Tuesday evening. The minister said that it’s obvious that a special audit is required for Talvivaara Sotkamo, adding that the right timing would most likely as part of a public receivership process. A bankruptcy estate settlement is usually conducted by the estate administrator and the company’s creditors. In the case of a public receivership, a report by public officials replaces the settlement report prepared by a private administrator. Special audit would clear the air A special audit may be requested in cases where a company is suspected of not managing its finances incompliance with existing laws and regulations. This audit is usually conducted during bankruptcy or restructuring proceedings. “I don’t necessarily suspect anything, but these are such large and messy cases that it would be appropriate to handle matters this way, just to be sure and to avoid later speculation that something may have happened that could not stand up to scrutiny,” he observed. Vapaavuori said he believed that an audit would clarify the situation with respect to the company’s search for possible future business partners. He said that he agreed with the view of the government’s ownership steering chief Eero Heliövaara, who said that the Talvivaara parent company should also file for bankruptcy. He said that if this were to happen a special audit would also be in order at that time. “It would be easier to find a long-term solution if both companies filed for bankruptcy,” he concluded. Minister: Don't get carried away Speaking in Parliament earlier on Tuesday, Economic Affairs Minister Jan Vapaavuori called for restraint over the comments of Administrator Pekka Jaatinen, who earlier told Yle that the fla

can i shoot him??? 'Eero Heliövaara, the director general of the Government Ownership Steering Department, has expressed his puzzlement at the reluctance to file a bankruptcy petition against Talvivaara. “If you examine the issue from various viewpoints and especially from the viewpoint of public interest, [...] Talvivaara should be declared bankrupt. After that, the mining operations could start with a clean slate,” he explains. Heliövaara considers it odd that the listed company is allowed to continue its operations despite inflicting losses on Finland, while its operative subsidiary, Talvivaara Sotkamo, has been declared bankrupt. Solidium, a state-owned investment company, has invested roughly 150 million euros in Talvivaara. In the event of bankruptcy, the investment would likely become worthless. “Talvivaara needs new managers to replace those who have caused harm to the society. It's crucial to find a global company or investor that is interested in assuming control over Talvivaara along with the state,” views Heliövaara.'

The administrator Pekka Jaatinen , it is justified that the mining company Talvivaara can continue to operate. Jaatinen of the Talvivaara parent company can still sell your expertise to the mining community owner . - The idea has always been that of Talvivaara's parent company, is left standing . The parent company has a significant amount of core competencies, laboratory activities , and the lime plant . The parent company sells them or is suitable for their use of the new company , and is reimbursed . Certainly the parent company is also financing the purchase of a single channel . The new investor is willing to invest in a bankrupt Talvivaara Sotkamon in place of a future new company 150 million . Still standing in the Talvivaara's parent company, the new company to invest EUR 50 million. Talvivaara preservation of the parent company has been raised against criticism in the past . For example, the State Ownership Steering Unit Manager Mr Heliövaara told Helsingin Sanomat that would have been the interest of society to apply for the operational activities of the Talvivaara Talvivaara running an Sotkamon addition to the bankruptcy of the parent company . Jaatinen , the law does not require such a procedure . - In Finland, there is no corporate restructuring or bankruptcies , but each company has its own entity. The most important thing is that the continued operation of finding realistic basis . This certainly will in the part of the state is referred to, Jaatinen says. Jaatinen , Talvivaara Sotkamon ruins can be generated if the company does not automatically gets old environmental liabilities shoulder. The bankruptcy estate , creditors and new owners decide what trading involves and how environmental responsibilities in the care of. Talvivaara's parent company is not captured in existing environmental liabilities , as they have been part of Talvivaara Sotkamo . all similar stuff Talvivaara Sotkamo filed for bankruptcy after the end of the cash . The new lender was first reported Helsingin Sanomat . Talvivaara's CEO and co-founder Pekka Pera did not want to comment on Talvivaara of new events .

Talvivaara is about to get funding for a large international company , tells the newspaper Helsingin Sanomat. Knows of at least EUR 150 million in a new company . - We have a very convincing , credible, international company , which has expressed its readiness to invest at least EUR 150 million for a new company , "said Talvivaara corporate restructuring, the liquidator , Mr Pekka Jaatinen HS for . New investor should be established by the majority of the company's shares . Set up a company would be debt-free , therefore, to begin with , and it would buy the Talvivaara mining operations Sotkamon the bankruptcy estate . - This is a new investor in your name the largest shareholder in the company's management and administration , and, in addition , it would produce its own mining osaamistansa mining. This would be the beginning of a new mining operation with a clean slate , Jaatinen says HS for . Talvivaara is possible to invest in the company's name is not Jaatinen says can not yet reveal. The ministers held on Friday, Prime Minister Alexander Stubb ( National Coalition Party) , Minister of Economic Affairs , Jan Vapaavuori ( National Coalition Party) , Minister for the Environment Sanni Grahn -Laasonen (National Coalition Party ) and Minister of Labour Lauri Ihalainen (SDP) visited on Friday, at the Talvivaara mine in Sotkamo . - Thank you for the Talvivaara ! Despite the setbacks wonderful activities . It was great to listen to and discuss. The full support of the government , the Prime Minister promised . Stubb Tweet raised eyebrows . A number of commentators pointed out the mine and the environmental problems caused by the bankruptcy , the after-care to leave the taxpayers foot the bill. In late September, it was reported that four of Talvivaara 's key management are the charges for environmental pollution . But also , for example, Minister of Economic Affairs Free Mountain has described the Talvivaara aikautemme one of the biggest corporate disasters . Hours later, the Chairman asked for forgiveness more twiittiään .

does it mean big dilution of what ? confused

Jaatinen of the listed company's major creditors are also specifically requested to amend its debt into shares. Debts into equity would mean that the creditors should be a listed company shareholders. Therefore, they could take part in the coming shareholders of a listed company to obtain financing as part of the re-financing . ' Under negotiation solution would be to creditors and the use of public funds in terms of understanding the best possible. For job security , as well as to allow a public company to Talvivaara 80 000 investors and creditors, and participation in the new share issue and ore extraction fast start mine. " Commencement of the excavation is in a big hurry . Mining was suspended last fall because of the Talvivaara fund is empty . Bioliuotuskasat in need of new ore leaching in heaps in order to not fail . The more time passes , the more expensive bioliuotusprossin start is . Jaatinen stresses that he clearinghouse will make every effort in good cooperation with the parties concerned to provide the financial solution as soon as possible .

The parent company that is a listed company Talvivaara invest in the newly established company about 50 million. In other words, we are preparing a total of 200 million euros in funding. It should be part of the parent company's existing creditors and shareholders. The state could contribute , as they see section ," says Jaatinen .

Listed Talvivaara corporate restructuring, the liquidator , Mr Pekka Jaatinen of the preparations for the new financing to acquire the Talvivaara mining operations are well advanced for the purchase . "We are very convincing , credible, international company , which has expressed its readiness to invest at least EUR 150 million for a new company ," says Jaatinen . The Facility would follow Jaatinen the end of September , Espoo District Court 's corporate restructuring program proposal. The new investor should be established most of the company's shares . Set up a company would be debt-free , therefore, to begin with , and it would buy the Talvivaara mining operations Sotkamon the bankruptcy estate . Martti Kainulainen / LEHTIKUvA Pekka Jaatinen Pekka Jaatinen " The parent company that is a listed company Talvivaara invest in the newly established company about 50 million. In other words, we are preparing a total of 200 million euros in funding. It should be part of the parent company's existing creditors and shareholders. The state could contribute , as they see section ," says Jaatinen . Jaatinen still can not tell the new Talvivaara is possible to invest in the company's name. According to him, it is a company , which by nature is both an economic and industrial player . " This is a new investor in your name the largest shareholder in the company's management and administration , and in addition it would bring its own mining osaamistansa mining. This would be the beginning of a new mining operation with a clean slate . " Aatinen points out that when restructuring program on the end of September , he announced that it is to be completed later . The matter became complicated because the Espoo District Court set the Talvivaara Sotkamon bankruptcy on Thursday, 6 November. "The company took over in October in touch. I told all parties , including the State , that the financial proposal is coming on Friday, 7 November. So the next day as Talvivaara Sotkamo was declared bankrupt . " Talvivaara Sotkamo filed for bankruptcy because it ran out of cash and temporary funding received during the time of the actual ownership of its completion . Helsingin Sanomat two independent temporary source of funding for the failure was partly due to government opposition. Jaatinen did not want to comment on it in any way. article related to Jan Free Mountain Free Mountain : The state can not comment on the Talvivaara financier 14:15 The state would like listed Talvivaara bankruptcy 8:25 Talvivaara Sotkamon cash and cash equivalents were completely out of stock, and the company's Board of Directors had no choice but to apply for bankruptcy. aatisen of the new financial arrangement, the existing listed company Talvivaara's ownership interest would decrease significantly. They should still have the right and the opportunity to be an investor in a listed company , which is thus owned company

morning JCB yup sounds like about it for now! just hope the fact that the govt plus 70,000 finns own shares that they wont want to cancel

yup nothing we can do but at at least we know mine will continue its just at what px on our shs. JCB any thoughts??

alvivaarassa visited authoritative Minister band brought the Kainuu important message: the operation of the mine will continue. "The mine will continue to operate in the long term. We do it for the effort, we turn every stone that we find new credible investors. Talvivaara is a gigantic national project, which is charged," said Prime Minister Alexander Stubb (National Coalition Party). Minister of Economic Affairs, Jan Vapaavuori (National Coalition Party) said the government is actively looking for a new owner that would secure the survival. fact Talvivaara road stood up when ran out of funding   Talvivaara Mining Company subsidiary Talvivaara Sotkamo was declared bankrupt on 7 November. The company has about 90 per cent of the Group's employees.   The reason for the bankruptcy was a lack of funding. Talvivaara has not been able to produce nickel as much as it was originally believed. The nickel price has fallen on world markets.   In November 2012 occurred in the gypsum pond spill caused extensive damage to the environment and the company with the large losses. "The government has made the guideline that the mine will continue to operate in spite of bankruptcy. It requires new partners, and some credible organizations have already shown preliminary interest." Free Mount, the owner can be found more likely to be foreign as well as in Finland. "In the best case, the process takes months, and also can not promise that it will be successful." Talvivaara treatment similar to Free Mountain view, Turku shipyard case. "The situation will be very much the same. Available in charge of the private party, supported by the state to work," he predicts. Free Mountain does not expect the government to miss the mine workings to an end, as it should be a lot more expensive than the extension. Rapid medicament went bankrupt mining company has received from the State of EUR 50 million, which is obtained using before Christmas. Minister of Labour Lauri Ihalainen (SDP) was pleased that the staff of employment follow-up has been secured until the spring. "We got the Christmas Peace families," Ihalainen said. If the mine to arrive eventually shut down, the impact on employment in Kainuu would be enormous. Regional Council of Kainuu, Kainuu Centre for Economic Development, City of Kajaani and Sotkamon the college announced Friday to file applications in Kainuu the appointment of a sudden restructuring of the Talvivaara area because of the crisis. The crisis has already affected the Kainuu increase in unemployment and a half years. Unemployment has risen almost to the highest level. Ihalainen said the Kainuu region to meet the criteria of a sudden structural change at this stage without the new unemployment figures. "The Board of Directors is the desire to make financial decisions quickly. It requires that the Kainuu to be a credible investment."

'Talvivaara is not turned over taxes 17.11.2014 4:00 Timo Vainikka rolled the reasons for the Talvivaara fall of the government and the tax burden of guilt (Opinion 9.11.). I dare to disagree. Environmental concerns, the Talvivaara problem was the process of Problems. The total tax rate in Finland is high, but it also gets a lot in return. Talvivaara has built the infrastructure, it has received a tax revenue-trained skilled personnel, and the configurations of the state have put a lot of money to Talvivaara related research activities in particular. Corporate tax rate in Finland is 20 per cent, as utopian entrepreneurship in the United States is 39.1 per cent. Talvivaara is hardly crashed to pay taxes. Business and especially in mining operations in Finland are good. In June, it was reported that the World Economic Forum report, Finland is the European Union the most competitive state. The mining company Endomines website it says directly: "The operating environment for research and ore mining operations in Finland is on the whole a very competitive internationally." I worked in an organization that worked closely with the metal recovery process of the development of the Talvivaara with. The first time I went to the Talvivaara mine in the spring of 2007, when the area was a modest pile of sand, and two barracks for experimentation. Three years later, Talvivaara's visit to the area was transformed into a huge mining and industrial complex. Experienced process developers were confident genuinely, that the mine will be successful over the next ten years. New bioheapleaching was expected to generate in the depths of nickel and other metals in the best technology in the world other factories in lower cost and more environmentally friendly. Contrary to what happened. Environmental concerns, the Talvivaara problem was the process of the problems which result in the production reached only a fraction of the targets. At the same time, the world price of nickel fell. Mine is not simply a return to profitability was. Finland is up to the gold mines fallen for the same reason. The state supports the unprofitable business is typically a socialist market economy.'

looks like it certainly going to continue big question is what will our shs be worth 'High-powered ministers delivered an important message to the residents of Kainuu while visiting the trouble-plagued nickel mine of Talvivaara in Sotkamo on Friday: the operations of the mine will continue. “The mine will continue its operations also in the long term. We'll do our utmost, leave no stone unturned, to ensure that dependable investors are found. Talvivaara is a massive national project that will be invested in,” Prime Minister Alexander Stubb (NCP) stated. Jan Vapaavuori (NCP), the Minister of Economic Affairs, similarly affirmed that the Government is looking actively for an owner who is willing to guarantee the continuation of operations. “The Government has ruled that the mine will continue its operations despite the bankruptcy. That will require new partners, and certain dependable parties have already expressed their tentative interest,” he said. Vapaavuori also estimated that the new owner is likely to be found abroad than in Finland. “Even in the best-case scenario, The process will take several months. And we can't promise that it will be a success,” he reminded.'

On Friday, Prime Minister Alexander Stubb visited the troubled, partially-state-owned Talvivaara nickel mine in eastern Finland. The company that runs the mine filed for bankruptcy last week after years of damaging toxic leaks, protests by local residents, allegations of mismanagement and massive financial losses. If its parent company also goes bankrupt, the state stands to lose at least 200 million euros – and possibly much more than that – as it takes charge of the mess. Senior Talvivaara executives, including CEO Pekka Perä, are under investigation for possible environmental crimes. In the late afternoon, Stubb sent out a cheerful tweet in Finnish saying “Thanks #Talvivaara! Great operations despite the setbacks. It was great to listen and discuss. Full support from the cabinet.” That spurred some other Twitter users to wonder out loud if his account had been hacked, and to ask him directly what was so “great” about toxic leaks and large debts. Many tweets accused him of dismissing Talvivaara’s environmental problems. "My mistake" About an hour later, Stubb tweeted an apology that translates as follows: “Apologies for a poorly phrased tweet. Intention was to support workers. Environment of course number-one priority. My mistake. #talvivaara” To reiterate his refocused message, he also sent one in English saying: “Spent the afternoon at #Talvivaara mines supporting workers in a difficult situation. Focus environmental issues.” Last summer, a few weeks after taking office, Stubb was criticised for busily tweeting about his sports hobbies as the Ukraine crisis was heating up.

Credible actors have shown interest in continuing with Talvivaara 's operations, says Minister Jan Vapaavuori (National Coalition Party ) . Vapaavuori visiting Sotkamo says preliminary inquiries already . Even Prime Minister Alexander Stubb (National Coalition Party ) , Minister Sanni Grahn- Laaksonen (Coalition ) and the Minister of Labour Lauri Ihalainen (SDP ) will participate in the visit. Stubb said the state now focuses on managing environmental and employment issues become relevant after the bankruptcy . Finding someone who will continue the business is also a priority.