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Nyrstar reinstates support for nickel miner’s reorganization

Keywords: Tags  Nyrstar, Talvivaara, corporate reorganization, Claire Hack

LONDON — Nyrstar Sales & Marketing AG has reinstated its support for the corporate reorganization application made by Talvivaara Mining Co. Plc and operating subsidiary Talvivaara Sotkamo Ltd.

The Finnish nickel miner and subsidiary applied for corporate reorganization to the district court of Espoo, Finland, in mid-November.

Zurich-based Nyrstar Sales & Marketing withdrew its support for the application on Nov. 26 (, Nov. 26), but three days later the Espoo court decided to begin the corporate reorganization process in relation to Talvivaara Mining.

The court gave Finland-based Talvivaara Sotkamo until Dec. 18 to supplement its application for corporate reorganization.

"The company will liaise with the district court of Espoo on the next steps and will inform the market of them without delay," Talvivaara said.

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