USGS releases first study to assess global earthquake risk to mineral supplies
Earthquakes have the potential to substantially affect mining operations, leading to supply chain disruptions that adversely affect the global economy.
Nickel producer Talvivaara (LON:TALV) said Wednesday that authorities have allowed it to re-start the metals recovery plant at its Sotkamo nickel and zinc mine in eastern Finland.
The announcement comes almost two weeks after Finnish nuclear safety officials confirmed to have found radioactive uranium levels 50 times higher than normal coming from Talvivaara’s mine.
“While the plant is in operation, waste material from iron precipitation and post-neutralization will be directed to gypsum pond sections assessed to be secure, and simultaneously excess water will be removed from these sections to reduce overall stress,” said the company in a statement.
Canada’ Cameco (TSX:CCO),(NYSE:CCJ) has an off-take agreement with Talvivaara, which according to a press release from March this year, allows it to extract uranium as a by-product from the Sotkamo nickel mine, operated by the Finnish firm.
