Norilsk Nickel not likely to rescue Talvivaara
Norilsk Nickel, the Russian mining company, is not likely to rescue the troubled Finnish mining company Talvivaara, according to Kauppalehti Online. In an unsourced Finnish language analysis about Talvivaara, the paper wrote that Norilsk Nickel is Talvivaara’s fifth largest owner but the company did not take part in Talvivaara’s most recent share issue.
The Russian company is currently in a process of selling some of its overseas assets and Harjavalta, the mine it owns in Finland, which Talvivaara supplies nickel to, is on the sale list. Therefore, it looks unlikely Norilsk Nickel is keen to throw its money in Talvivaara, it wrote. There has been some speculation in the Finnish press recently that Norilsk Nickel would be interested in investing in Talvivaara.
Source Kauppalehti Online