Talvivaara Mining unit regains support for reorganization application

By Caroline Salls

Pittsburgh, Dec. 16 - Talvivaara Mining Co. plc said Nyrstar Sales & Marketing AG reinstated its support for the corporate reorganization application for Talvivaara Sotkamo Ltd.

According to a company news release, Talvivaara Mining will consult with the district court of Espoo, Finland, on the next steps.

As previously reported, Talvivaara Mining and Talvivaara Sotkamo applied for corporate reorganization in November.

Talvivaara Mining's application was granted, but Talvivaara Sotkamo was given until Dec. 18 to supplement its application after Nyrstar Sales & Marketing withdrew its support.

Helsinki-based Talvivaara Mining is a base metals producer with its primary focus on nickel and zinc.

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