HELSINKI: Nickel mining company Talvivaara and Terrafame on Friday signed a deal in which both the par-ties agreed on the sale of Talvivaara’s assets, said Talvivaara in a release. The assets include, among others, the lime plant needed for the Sotkamo operations, laboratory, as well as rights to the geological, laboratory and production related data associated with the Sotkamo mine.
Terrafame will pay 1.4 million euros for the assets. “We are pleased that the asset purchase agreement has now been concluded. As a result of the transaction, all assets and operations related to the mine are now owned by Terrafame. This clari-fies the situation at the mine significantly and thus contributes to discussions on the additional financing of Terrafame,” said Matti Hietanen, CEO of Terrafame Group in a statement.
According to Talvivaara, an extraordinary general meeting of shareholders will be separately convened to address the matter. The arrangement may improve the chances of completing the restructuring process. However, Talvivaara pointed out that there can be no guarantee that Talvivaara will eventually be able to successfully complete the corporate restructuring proceedings.
