Talvivaara Mining (OMXH: TLV1V, LON: TALV) lowers full-year nickel production guidance to 13 000 tonnes and says new ore production will be restricted until next summer to deal with excess waste water situation. The company aims to enhance recovery from existing heaps that contain over 55 000 tonnes of nickel after receiving the go-ahead to restart metals recovery plant last week. The company admitted some current problems with the Bioheapleaching process used in the metals recovery due to excess water and insufficient aeration. This requires significant reclaiming and re-stacking.
Spot-sales of copper sulphide are taking place and uranium recovery circuit should be complete soon with the company expecting an environmental permit for sales of uranium. ecent organizational changes with founder Pekka Perä returning into executive duties as CEO and Tapani Järvinen taking his management role as Chairman. A resource update hiked the known ore quantities and cost savings from ore production halt try to bring some positive vibe into the update.
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