Minister of Economic Affairs Jan Vapaavuori (NCP) and Audley Capital Advisors have voiced their satisfaction with a decision to grant the bankruptcy estate of Talvivaara Sotkamo a permit to build a discharge pipeline. The permit was granted by the Regional State Administrative Agency (Avi) of Northern Finland and represents a step toward the takeover of the mining operations in Sotkamo.
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Talvivaara one step closer to takeover
Audley Capital Advisors, a London-based investment firm, entered into a conditional letter of intent to acquire the mining assets of the bankruptcy estate of Talvivaara Sotkamo in mid-March.