Talvivaara Mining Company, the Finland focused nickel and zinc miner, has invested over 13m euros in environmental technology after signing a contract with a Dutch company for the delivery of a reverse osmosis-based water treatment system.
The four million euro facility, which has two production lines, with the option of a third, will be commissioned by the end of November 2012.
The company has also purchased a four million euro catalytic burning unit from a Finnish technology company, in an effort to eliminate odour emissions.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
In addition, the firm has invested €3.1m in increasing the recycling of process waters, reducing the need for water intake from surrounding lakes and minimising sulphate and manganese content in the water.
This means that the company will now achieve its lower permit limits, previously set for 2015, in early 2013.
In June of this year the miner will also put in place a new dust removal system in the materials handling screening hall, at a cost of two million euros.
Millions of mortgage borrowers will be hit with higher repayments next year
News Higher interest rates are yet to fully hit households and monthly mortgage repayments will rise between £200 and £1,000 – how much will your home loan go up by?
By Marc Shoffman Published
Halifax: House prices rise for the second consecutive month
UK house prices rose again in November, suggesting a resilient property market amid economic turmoil in the past year- are we heading for a crash?
By Vaishali Varu Published