Talvivaara applies for a permit from the Finnish Government to extract uranium as a by-product

Talvivaara applies for a permit from the Finnish Government to extract uranium as a by-product

ID: 19351

(Thomson Reuters ONE) -


Stock Exchange Release
Talvivaara Mining Company Plc
20 April 2010

Talvivaara applies for a permit from the Finnish Government to extract uranium
as a by-product

Talvivaara Mining Company Plc is pleased to announce that its operating
subsidiary Talvivaara Sotkamo Ltd has today lodged an application in accordance
with the Nuclear Energy Act to the Ministry of Employment and Economy for the
extraction of uranium as a by-product. Preparations for the environmental impact
assessment relating to the uranium extraction process have also commenced at the
mine site.

Talvivaara's CEO Pekka Perä commented:
"The permitting process is proceeding according to plan. It has been encouraging
to see the efficient cooperation between our own organization and the relevant
authorities in clarifying the questions relating to the permitting process of
this remarkable project."

Further information:
Talvivaara Mining Company Plc. tel. +358 20 712 9800
Kari Vyhtinen, General Manager Business Development
Eeva Ruokonen, Chief Sustainability Officer


About Talvivaara Mining Company Plc.
Talvivaara is a Finnish mining company operating a large open pit nickel mine in
Sotkamo, Finland. Talvivaara aims to become 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 sufficient to support anticipated production for at least 46
years. 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 arrangement with Nyrstar NV. Talvivaara is listed on the
London Stock Exchange Main Market and Nasdaq OMX Helsinki and is included in the
FTSE 250 Index. Further information can be found at www.talvivaara.com
.



[HUG#1405914]





Talvivaara applies for a permit from the Finnish Government to extract uranium as a by-product .pdf: http://hugin.info/136227/R/1405914/359546.pdf




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Bereitgestellt von Benutzer: hugin
Datum: 20.04.2010 - 15:59 Uhr
Sprache: Deutsch
News-ID 19351
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