Which is currently more valuable, Temagami-Lorrain Mine or Meadowbank Gold Mine?
Temagami-Lorrain Mine Temagami-Lorrain Mine is an abandoned surface and underground mine in Northeastern Ontario, Canada. It is located about 10 km northeast of the town of Temagami near Sauvé Lake in central Cassels Township. It is named after the Temagami-Lorrain Mining Company, which carried out work on the property in the early 1900s.
Talvivaara Mining Company Talvivaara Mining Company plc (Finnish: "Talvivaaran Kaivososakeyhtiö Oyj" ) is a Finnish-based nickel mining business operating in Finland. Formerly listed on the London and Helsinki Stock Exchanges, the company was a constituent of the OMXH25 index. Its mining business, Talvivaara Sotkamo, went bankrupt in November 2014, and it is bound for liquidation, with at least 98% of equity lost, and €1.4 million debt outstanding. The mine had suffered several leaks of toxic metal-contaminated tailings, which had threatened local waterways. Members of the management have been charged with criminal environmental offenses. There has been considerable government involvement, with the Government of Finland being the largest single owner through their investment company Solidium. In 2015, the newly established government-owned corporation Terrafame Oy bought the mining business of Talvivaara. Since the company is now an assetless shell, its creditors have demanded that Talvivaara (the parent company) files for bankruptcy. Since February 2017 Terrafame, operating the Talvivaara Mine, have new owners from Singapore Trafigura and its Galena Asset Management.