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Tuesday, January 18, 2011

Iceland to seek talks with Magma Energy - minister, (TSE: MXY)

Iceland's environment minister said on Tuesday the government wants to have talks with Magma Energy Corp (MXY.TO) and aims to regain ownership of geothermal energy producer HS Orka. Environment Minister Svandis Svavarsdottir told state radio there was full unity in the government on the issue, which has been contentious as Iceland emerges from its financial crisis. "The next step is to initiate negotiations with Magma Energy to realize this," said Svavarsdottir, a member of the Left-Green party, which is part of a coalition government.

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