Talvivaara Sotkamo mining operations sale approval deadline extended

By Caroline Salls

Pittsburgh, Feb. 3 – Talvivaara Mining Co. plc said the deadline for the finalization and approval of a detailed agreement regarding the sale of the company’s Sotkamo mining operations assets was extended until the Vaasa Administrative Court issues a decision on the Nuasjarvi discharge pipeline.

According to a news release, the court ruling on the pipeline will allow Terrafame Group Ltd. and subsidiary Terrafame Ltd and Winttal Ltd. to continue mining operations.

The sale agreement finalization and approval deadline was previously set for Feb. 3.

Talvivaara and the Terrafame entities signed a letter of intent, provisionally agreeing on the key terms and conditions for the sale.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.