In August 2015, Terrafame, a state-owned Finnish company, purchased the assets of Talvivaara's operating subsidiary, Talvivaara Sotkamo, and assumed responsibility for the mine and processing plant. The company restarted mining at Talvivaara in September and the ramp-up of the mining operations proceeded on schedule. The Government granted Terrafame two years to rescue the operations of the bankrupt Talvivaara Sotkomo. Terrafame was aiming to mine around 18Mt of ore per annum by around 2018. A production rate of around 25kt Ni per annum. This is half the originally proposed output but almost double the peak output thus far achieved, that of 12.9kt Ni in mixed sulphide intermediate achieved in 2012. On 11 November 2016, the Finnish government agreed on additional funding of €100 million (US$106 million) for Terrafame and cancelled a plan to permanently close the operation.