Talvivaara enters into an agreement with Terrafame Mining Oy on provision of services
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
13 August 2015
Talvivaara enters into an agreement with Terrafame Mining Oy on provision of
services
Following the bankruptcy of Talvivaara Sotkamo Ltd, Talvivaara Mining Company
Plc ("Talvivaara" or the "Company") has financed its operations by providing
administrative and technical services and by leasing certain critical machinery
and equipment to the bankruptcy estate of Talvivaara Sotkamo under agreements
entered into by the Company and the bankruptcy estate on 19 November 2014.
Talvivaara has on 13 August 2015 signed an agreement on transferring the
agreements to Terrafame Mining Oy, a company fully owned by the Finnish state-
owned company Terrafame Oy. According to the agreement, Talvivaara will continue
to provide the services on the same terms as previously applicable between the
Company and the bankruptcy estate. The agreement is subject to completion of the
transfer of the Sotkamo mining operations from the bankruptcy estate of
Talvivaara Sotkamo Ltd to Terrafame Mining Oy.
Talvivaara continues its business with the target of securing sufficient
financing to participate in the acquisition of the Sotkamo mining operations or
securing a different financial and/or operative arrangement that will secure the
continuance of the Company's eligible business and provide the best possible
outcome for the stakeholders of the Company.
Enquiries
Talvivaara Mining Company Plc Tel: +358 20 712 9800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO
Talvivaara enters into agreement with Terrafame Mining for services:
http://hugin.info/136227/R/1945167/705109.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1945167]
Unternehmensinformation / Kurzprofil:
Datum: 13.08.2015 - 08:18 Uhr
Sprache: Deutsch
News-ID 413394
Anzahl Zeichen: 2569
contact information:
Town:
Espoo
Kategorie:
Business News
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