Talvivaara Mining confirms investigation tied to disclosure practices

By Caroline Salls

Pittsburgh, April 28 – Talvivaara Mining Co. plc confirmed Tuesday that a number of current and former members of its board of directors and management have been or will be heard in connection with an investigation related to the company’s disclosure practices, according to a news release.

As the investigation is at an early stage, Talvivaara said it does not currently have full knowledge of the persons to be heard or of the circumstances under investigation.

The company said it believes that the investigation will establish the appropriateness of its conduct in all respects. Talvivaara said it has gone through the applied disclosure practices in the past with the Financial Supervisory Authority.

During the past several years, Talvivaara has given a number of written clarifications to the Financial Supervisory Authority on the details of its mining operations and on the inherent challenges in predicting its future operational performance, and none of the inquiries has given rise to any administrative sanctions, the release said.

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

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