Finnish miner Talvivaara says close to bankruptcy

June 3, 2016

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Finland’s Talvivaara Mining Company said on Friday it may face bankruptcy following the Finnish government’s decision to pull back from a deal relating to a troubled nickel mine in northern Finland. Talvivaara is the former owner of the mine which leaked waste water in 2012 and faced serious production problems, prompting the government to take control of it last year in a bid to protect local jobs and the environment.

Category: General