Finland Times

 

Nickel mining company Talvivaara. File Photo – Str / Lehtikuva.

The nickel-mining company Talvivaara received on Monday an exemption from the Finnish Financial Supervisory Authority (FFSA) from publication of its January-September 2014 interim report, said Talvivaara in a release.

 

FFSA has granted the exemption on the condition that Talvivaara will publish a general description of the results of its operations and financial position by November 30, said the release.

 

Talvivaara Mining Company Plc applied for an exemption from publication of its January-September 2014 interim report following the filing for bankruptcy by its operating subsidiary Talvivaara Sotkamo Ltd on November 6, said Talvivaara.

 

Following the bankruptcy, the company lost control over Talvivaara Sotkamo, which therefore can no longer be presented as a part of the Talvivaara Group, said the release.

 

According to the release, FFSA has noted that trading in the company’s share on the Helsinki stock exchange has been suspended since November 6 and that, in its view, reliable pricing of the share, which is a pre-requisite for the trading to resume, cannot occur until the uncertainties relating to Talvivaara’s ability to continue its operations have been solved and sufficient information on going concern and the company’s financial status has been announced.