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.
Sales & Marketing withdrew its support for the application
on Nov. 26 (
amm.com, 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