Finland’s Talvivaara mine faces up to 200 million in environmental costs

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(Heikki Rönty / Yle)
(Heikki Rönty / Yle)
The Kainuu Centre for Economic Development, Transport and the Environment (ELY Centre) has made its first official assessment of the Talvivaara mine’s required environmental investments.

The assessed cost has risen to around 200 million euros.

The ELY Centre delivered its assessment at the University of Helsinki’s Ruralia Institute, where it explained Talvivaara’s options for successful restructuring.

The centre made a ballpark estimation of the amount of investment the mining firm would need to make into environmental issues in the period 2014-2020. If the company’s production does not increase from current levels –approximately 15,000 tons of nickel annually – the company will have to invest at least 98 million euros in the environment.

In the event of Talvivaara raising its production to the permitted environmental limit of 30,000 tonnes, the ELY Centre estimates that required environmental investments will increase to 195 million.

Related Links:

Canada: Environmental review for Nunavut, Canada mining project, CBC News

Finland: EU probes environmental record of Finnish mining company, Yle News

Greenland: Analysis: Implications of Greenland’s decision to allow uranium mining, Blog by Mia Bennett

Norway:  Sustainable future for Arctic people?, from Deutsche Welle’s Iceblogger

Sweden: Artists boycott market in Arctic Sweden over mining conflict, Radio Sweden

United States:  New interactive map details Alaska mining boom, Alaska Dispatch

 

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