Talvivaara Mining Company Plc (TALV.L) said Wednesday that it terminated the temporary lay-offs it started in February 2013 in order to re-start currently suspended mining and materials handling operations during May 2013.
The company noted that it will commence mining at the Northern end of the Kuusilampi open pit, where the water level has declined such that preparations for the re-start of mining and crushing operations can commence. The open pit will continue to serve as water management safety capacity despite the commencement of preparations for re-starting mine production.
The re-start of ore production approximately 1.5 months in advance of earlier plans improves the overall water balance of the mine, as new ore absorbs a significant amount of water, approximately 10-15% of ore mass, at the stacking phase.
The company stated that the cancellation of the temporary lay-offs impacts 184 employees. Over half of the planned lay-offs have been carried out since February, as approximately 121 employees were temporarily laid off during February - April.
In-late January 2013, Talvivaara Mining announced that it would temporarily lay off 184 employees between 18 February and 30 June 2013. The maximum duration of the lay-off period was 90 days per individual employee.
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