Agnico Eagle expands stake in First Nordic to 13%
First Nordic is finalizing its acquisition of the Oijärvi gold project in Finland.
Finland’s government decided Friday to grant new public funding for its troubled Talvivaara mine, cancelling a previous plan to permanently close what was once the European Union’s biggest nickel mine.
The unprofitable mine fell into the state’s hands in 2014, when its private operator Talvivaara Sotkamo went bankrupt after two major leaks spilt toxic levels of nickel, cadmium, uranium, aluminium and zinc into nearby lakes and rivers of the Kainuu region, situated around 500 kilometres (300 miles) north of Helsinki.
