Talvivaaran Mining Company Plc - Production Update January 2012
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
3 January 2012
Production update
Full year 2011 production target of 16,000t of nickel achieved
Talvivaara Mining Company Plc ("Talvivaara") announces that it has reached its
production target for 2011; full year production totalled 16,087t of nickel and
31,815t of zinc.
Fourth quarter production of 4,769t nickel and 10,524t zinc was a new quarterly
record. The availability of the metals recovery plant improved significantly
during the quarter and, after both production lines were brought back online in
mid-October, was effectively at the level required to meet the 2012 production
targets. Nickel grade in the solution pumped to the metals recovery plant
remained steady at around 2 g/l.
Talvivaara will announce its financial result for the fourth quarter and full
year 2011 on 16 February 2012.
Pekka Perä, CEO of Talvivaara, commented: "We are pleased to begin the New Year
by announcing that we have met our full-year production target for 2011. In the
months to come, we will remain focused on production ramp-up and on further
improving the consistency of all our operational processes."
ENQUIRIES
Talvivaara Mining Company Plc Tel: +358 20 712 9800
Pekka Perä, Chief Executive Officer
Saila Miettinen-Lähde, Chief Financial Officer
Merlin PR Tel: +44 207 726 8400
David Simonson
Anca Spiridon
Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals producer
with its primary focus on nickel and zinc using a technology known as
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction
of metals from low grade ore economically viable. The Talvivaara deposits
comprise one of the largest known sulphide nickel resources in Europe. The ore
body is estimated to support anticipated production for several decades.
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main
output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc
streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE 250 and
OMXH25 Indexes. Further information can be found atwww.talvivaara.com.
Talvivaara - Production Update January 2012:
http://hugin.info/136227/R/1574793/490290.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
[HUG#1574793]
Unternehmensinformation / Kurzprofil:
Datum: 03.01.2012 - 14:30 Uhr
Sprache: Deutsch
News-ID 100633
Anzahl Zeichen: 3430
contact information:
Town:
Espoo
Kategorie:
Business News
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