Talvivaara Mining Company Plc, Crushing enhancement and ramp up of
mining
(Thomson Reuters ONE) - Stock Exchange Release22 October 2009Talvivaara Mining Company Plc, Crushing enhancement and ramp up ofminingTalvivaara Mining Company Plc ("Talvivaara" or the "Company"), theFinnish mining company with a primary focus on nickel and zinc, ispleased to announce that its upgraded crushing circuit has beensuccessfully installed and commissioned.The redesigned crushing circuit has been in operation since thebeginning of September, during which period the production volumeshave been gradually increased. The circuit's overall production rateon a weekly basis is now in excess of an average of 40,000 tonnes perday, with volumes in excess of 50,000 tonnes per day being reached onindividual days. While further optimisation and capacity testing ofthe process remains to be done, the production volumes achieved sofar indicate the circuit to be capable of the targeted productionrate of 60,000 tonnes per day, corresponding to 22 million tonnes perannum. With ore hauling capacity limiting the throughput for the timebeing, the Company is confident the targeted production volumes willbe achievable following the commissioning of additional ore haulingcapacity early next year.Talvivaara's CEO Pekka Perä commented:"I am pleased to report that for the first time in the Company'shistory, mining and materials handling departments are operatingabove budgeted tonnages. While there is still work to be done, I amdelighted that all the production processes are finally reaching therequired capacities."ENQUIRIESTalvivaara Mining Company Plc Tel: +358 20 712 9800Pekka Perä, CEOSaila Miettinen-Lähde, CFOMerlin Tel: +44 207 653 6620Tom RandellAnca SpiridonAbout Talvivaara Mining Company Plc.Talvivaara is a Finnish mining company operating a large open pitnickel mine in Sotkamo, Finland. Talvivaara aims to become aninternationally significant base metals producer with its primaryfocus on nickel and zinc using a technology known as bioheapleachingto extract metals out of ore. Bioheapleaching makes extraction ofmetals from low grade ore economically viable. The Talvivaaradeposits comprise one of the largest known sulphide nickel resourcesin Europe. The ore body is sufficient to support anticipatedproduction for at least 46 years. Talvivaara has secured a 10-yearoff-take agreement for 100 per cent of its main output of nickel andcobalt to Norilsk Nickel. Talvivaara is listed on the London StockExchange Main Market and Nasdaq OMX Helsinki and is included in theFTSE 250 Index. Further information can be found atwww.talvivaara.com.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 22.10.2009 - 12:04 Uhr
Sprache: Deutsch
News-ID 7282
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