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Finnish miner rebuffs potential suitors

Tue Mar 11, 2008 11:47am EDT

Reporter's Notebook

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LONDON (Reuters) - Several companies have shown interest in buying Finnish mining company Talvivaara (TALV.L: Quote, Profile, Research, Stock Buzz), but approaches have been rebuffed, the company's chief executive said on Tuesday.

"We've had many kinds of approaches, some serious and some not so serious, but nothing we would consider," Pekka Pera told the Reuters Global Mining Summit in London.

Pera said the main interest had come from bankers acting on behalf of other parties.

"We're not moving, we're here for a long time, though if it was ridiculous money we would consider it," Peka said.

Finnish steel producer Outokumpu (OUT1V.HE: Quote, Profile, Research, Stock Buzz) has a 20 percent stake in Talvivaara Mining's operating arm and around 5 percent in the parent company.

(For summit blog: summitnotebook.reuters.com/)

(For more on the Reuters Global Mining Summit see ID:nN10455170

(Reporting by Karen Norton; Editing by Erica Billingham)

 
 
 
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