Talvivaara Mining Company Plc. Talvivaara's gypsum pond leakage has stopped
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
14 November 2012
Talvivaara's gypsum pond leakage has stopped
Kainuu ELY Centre requests further clarifications to grant permission for re-
start
of the metals recovery plant
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") announces that the
leakage of the gypsum pond at the Sotkamo mine has stopped. Most of the water
that had previously leaked from the pond is contained within the mining
concession area by the newly built fourth safety dam. No further release of the
leakage water outside the mine area is anticipated.
Before the fourth safety dam was completed, some water from the gypsum pond had
to be released towards South between Thursday 8 November and Sunday 11 November
2012. The released water was neutralized with lime in order to reduce its
acidity and to precipitate its metal content. However, the effects of the
discharge can be seen in the nearby waters as temporarily increased metal
concentrations. According to the statement by Finland's environmental
administration on 13 November 2012, the samples taken from water bodies on the
Southern side of the mine area on 11 November 2012 show metal concentrations
that are harmful to life forms in these waters. Metals concentrations in the
downstream river have already clearly reduced following the stoppage of any
leakage outside the mine area. The Environmental administration continues to
simulate the effects of the discharge as analytical data from water samples
accumulates and informs of any effects in downstream waters.
Talvivaara has on 13 November 2012 given the clarification requested by the
Kainuu Centre for Economic Development, Transport and the Environment ("Kainuu
ELY Centre") in order to grant permission for the re-start of Talvivaara's
metals recovery plant. After reviewing the clarification, the Kainuu ELY Centre
has requested certain further clarifications, which the Company anticipates to
provide during 14 November 2012.
Talvivaara has stated in its Production Update of 15 October 2012 and its
Interim Results of 8 November 2012 that it anticipates its fourth quarter
production to increase over the 4,030 tonnes of nickel achieved in the third
quarter. As the stoppage of the metals recovery plant continues, the Company has
to re-assess this target, but can only do so after it has received the ELY
Centre's decision on the permitted start-up date of the metals recovery plant.
Enquiries
Talvivaara Mining Company Plc Tel: +358 20 7129 800
Harri Natunen, Chief Executive Officer
Saila Miettinen-Lähde, Deputy CEO and CFO
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
Index. Further information can be found at www.talvivaara.com.
Talvivaara's gypsum pond leakage has stopped:
http://hugin.info/136227/R/1657727/536255.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
[HUG#1657727]
Unternehmensinformation / Kurzprofil:
Datum: 14.11.2012 - 08:57 Uhr
Sprache: Deutsch
News-ID 203218
Anzahl Zeichen: 4756
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Kategorie:
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