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Finnish Government Halts Talvi Nickel Mine Production
Nov. 12, 2012 01:05PM PST
Base Metals Investing Reuters reported Finnish government officials says the Talvivaara (LSE:TALV) nickel mine is not ready to reopen as it continues to leak waste water.
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.
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