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Home BUSINESSNyrstar to support investors in Talvivaara operations
Fri, 06 Feb, 2015 12:01:45 AM
FTimes – STT Report, Feb 6

Belgian mining and metal company Nyrstar has confirmed its support for potential investors in the operations of the Finnish nickel mining company Talvivaara.

In a financial statement the Belgian company clarified that it will not negotiate in the acquisition of Talvivaara operations but will support the parties interested in it.

The news was first reported by the Finnish language business newspaper Kauppalehti.

Heinz Eigner, acting chief executive officer of Nyrstar, disclosed the company’s intention at a conference.

According to Nyrstar, the company will not make significant investment in Talvivaara. Instead, it will support one bidder to secure modified product streaming agreement.

Nyrstar entered a zinc streaming agreement with Talvivaara in 2010.

Talvivaara’s subsidiary Sotkamo filed for bankruptcy in November.

Minister of Economic Affairs Jan Vapaavuori on Tuesday revealed that negotiations for purchase of Talvivaara’s business operations will be conducted with a number of parties.

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