THE RESTRUCTURING hopes of Talvivaara received a major – and unexpected – boost on Monday, when Belgium's Nyrstar reinstated its support for the Finnish mining company's application for debt restructuring. The Belgian zinc producer is one of Talvivaara's biggest creditors and had only withdrawn its support for the application a few weeks earlier, on 26 November.
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U-turn by Nyrstar boosts Talvivaara's hopes
Following the withdrawal, the District Court of Espoo approved the application of Talvivaara's listed parent company but postponed its decision on subsidiary Talvivaara Sotkamo pending further clarification.