Finland's Ahtium Oyj , previously named Talvivaara Mining Company has filed for bankruptcy after failing to secure financing for future projects.
Talvivaara Mining Company Plc Mining News
Investors were uneasy Monday after it was revealed that the cash-strapped company is no longer asking for permission to immediately begin uranium operations in Sotkamo, eastern Finland.
Nickel producer Talvivaara (LON:TALV) said Wednesday authorities have allowed it to re-start the metals recovery plant at its Sotkamo nickel and zinc mine in eastern Finland.
Shares of nickel producer Talvivaara (LON:TALV) dropped down over 10% on Friday over reports the firm had failed to solve a waste water leak at a nickel and zinc mine in eastern Finland, where nuclear safety officials confirmed to have radioactive uranium levels 50 times higher or more than normal volumes.
Cameco announced on Wednesday that it had reached an agreement with the Talvivaara Mining Company Plc. to help process uranium at the Sotkamo nickel-zinc mine in eastern Finland.