Friday, December 13, 2013

Mining Problems: Shutdown, delays, takeover



Talvivaara uranium extraction plans face delay

      5 December 2013 | 14:00pm StockMarketWire.com -

Talvivaara Mining Co expects no material financial impact on its results from the the Supreme Administrative Court to return a uranium extraction permit to the Finnish government for reassessment. But Talvivaara says its aims to start uranium extraction as a by-product during the summer and autumn of 2014 are likely to be delayed. Talvivaara also says it does not expect the decision to have an impact on the corporate reorganisation proceedings of the company, nor on the potential corporate reorganisation proceedings of Talvivaara Sotkamo Ltd. Chief executive Pekka Perä said: "The company has aimed at gradually commencing uranium extraction as a by-product during the summer and autumn of 2014, subject to all necessary permits having been obtained by then. - See more at: http://www.stockmarketwire.com/article/4719622/Talvivaara-uranium-extraction-plans-face-delay.html#sthash.9Iy4gPsP.dpuf

White Springs mining company laying off 350 over next year

White Springs mining operation hit with hundreds of layoffs during holidays