Talvivaara Mining has reduced the losses

The Finnish company "Talvivaara Mining Co Plc" in 2010 reduced pretax losses of up to 9.9 million euros against 75.1 million euros a year earlier. This was stated in the Group. Operating profit corporation in a given period amounted to 25.5 million euros. In 2009, the holding company received an operating loss of 54.8 million euros. Earlier it was reported that "Talvivaara Mining Co Plc" in the III quarter of 2010 net profit amounting to 25.4 million euros. This is the first profit holding company in October 2008 when it began production. III quarter of the previous year Talvivaara Mining gained a net loss of 10.7 million euros. These companies also show that sales in the III quarter totaled 45.1 million euros and operating profit - 10,9 million euros. "Talvivaara Mining Co Plc" owns the rights to mining nickel at two large oilfields in the north-eastern Finland - Kuusilampi and Kolmisoppi. Their reserves of 266 million tons of ore, which will allow companies annually produce about 33 thousand tonnes of nickel for 24 years while simultaneously producing an annual 60 thousand tons of zinc, 10 tons of copper and 1.2 tonnes of cobalt. Ministry of Industry