It is reported that Finnish nickel miner Talvivaara, struggling for cash could be rescued by the Finland government. Just a few months ago, Talvivaara had a fundraising but is still struggling for cash. The government's rescue plan could be a package focused on debt relief. Talvivaara's problem comes from a series of production problems as well as the near 20% fall in the price of nickel this year. The Finnish government which through its investment fund Solidium is the miner's top shareholder with a stake of around 17%. It is reported that the government is considering helping Talvivaara because if the miner would go bankrupt, the cost of dismantling and clean-up of the mine would be paid by the state anyway.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66934&division=A6
