Talvivaara: Terrafame has received the Administrative Court decision on the discharge pipeline
(Thomson Reuters ONE) -
Stock Exchange Release
Talvivaara Mining Company Plc
28 April 2016
Terrafame has received the Administrative Court decision on the discharge
pipeline
Talvivaara Mining Company Plc ("Talvivaara") has been informed that Terrafame
has received today Vaasa Administrative Court rulings which include a decision
on the Nuasjärvi discharge pipeline. The Vaasa Administrative Court allowed the
usage of Terrafame's discharge pipeline, but set some restrictions for the water
discharges.
Talvivaara announced on 28 January 2016 that it has signed a letter of intent
with the Terrafame entities. In the letter of intent, the parties provisionally
agreed on the essential terms and conditions for the sale of Talvivaara's assets
related to the Sotkamo mining operations to Terrafame.The arrangement under the
letter of intent is conditional on, amongst others, a favorable decision by the
Vaasa Administrative Court on Nuasjärvi discharge pipeline, enabling the
continuance of Terrafame's mining operations.
Talvivaara and Terrafame will continue to assess the decision and its effects on
the contemplated arrangement concerning the sale of Talvivaara's assets relating
to the Sotkamo mining operations. Talvivaara will inform the market in due
course once the effects of the ruling relating to the arrangement under the
letter of intent are known.
Even though the condition precedent relating to the Terrafame's Nuasjärvi
discharge pipeline would be removed, there is no guarantee that Talvivaara and
Terrafame entities will eventually be able to successfully agree on the
detailed contracts required by the arrangement or successfully complete them in
their entirety.
Enquiries
Talvivaara Mining Company Plc. Tel. +358 20 7129 800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy Ceo
Terrafame has received the Vaasa Administrative Court decision :
http://hugin.info/136227/R/2007691/742335.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#2007691]
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2016 - 08:50 Uhr
Sprache: Deutsch
News-ID 467126
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"Talvivaara: Terrafame has received the Administrative Court decision on the discharge pipeline"
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