Finnish Government Halts Talvi Nickel Mine Production

Reuters reported Finnish government officials says the Talvivaara (LSE:TALV) nickel mine is not ready to reopen as it continues to leak waste water.

As quoted in the market news:

Expectations of a lengthy shut-down and high clean-up costs increased speculation that Talvivaara would need to issue more shares to survive, putting pressure on the stock price.

Unto Ritvanen, a representative of local authorities that oversee Talvivaara’s Sotkamo mine, said it was clear the plant was not ready to be started yet.

Click here to read the full Reuters report.