Talvivaara Mining May Fail To Raise New Debt
Bloomberg reported Talvivaara Mining Co. (LSE:TALV) may fail to raise new debt to repay a bond maturing next year on failing production targets.
Bloomberg reported Talvivaara Mining Co. (LSE:TALV) may fail to raise new debt to repay a bond maturing next year on failing production targets.
AFP reported toxic levels of nickel and uranium have been found in the lake near Talvivarra (LSE:TALV) nickel mine, according to the government of Finland.
Reuters reported Finnish government officials says the Talvivaara (LSE:TALV) nickel mine is not ready to reopen as it continues to leak waste water.
Mineweb reported Talvivaara Mining Co. (LSE:TALV) shares fell the most in two weeks after suspending production at a nickel processing plant.
Reuters reported Talvivaara (LSE:TALV) cut its annual nickel production target for the second time this year, making the task of returning its mine to profitability even tougher.
Reuters reported Talvivaara (LSE:TALV) reported an increase in second-quarter losses on Thursday, and cut its output forecast as unusually heavy rain this summer continued to hamper nickel operations.
Talvivaara Mining Company (LSE:TALV) announced the second quarter production output of 3,194t of nickel and 6,686t of zinc.
Mining Weekly reported nickel miner Talvivaara (LSE:TALV) is unlikely to expand its mine if the Finnish government increases taxes due to environmental concerns.
Talvivaara (LSE:TALV) announced it has forecast nickel prices would be around $20,000 per tonne in the long term, after reporting a quarterly operating loss due to cheaper nickel.
Talvivaara Mining Company Plc (LSE:TALV) announced it produced 3,374 tonnes of nickel in the first quarter of 2012.
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