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Talvivaara Has Record Drop on Nickel Output, CEO Resignation
Oct. 07, 2011 02:45PM PST
Base Metals Investing Bloomberg reported Talvivaara Mining Co. (LSE:TALV) fell the most after cutting its output estimate, warning of a strike and announcing the departure of its CEO.
Bloomberg reported Talvivaara Mining Co. (LSE:TALV) fell the most after cutting its output estimate, warning of a strike and announcing the departure of its CEO.
As quoted in the market news,
Talvivaara slid as much as 29 percent, the biggest decline since starting to trade in May 2007. The company cut its 2011 production forecast to 16,000 metric tons from an April estimate of 22,000 tons to 28,000 tons. Metal workers in Finland have said they may strike Oct. 21 to Nov. 7, it said in a statement.