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2010-04-20 15:58:37 CEST 2010-04-20 15:59:07 CEST REGLAMENTUOJAMA INFORMACIJA Talvivaaran Kaivososakeyhtiö Oyj - Company AnnouncementTalvivaara applies for a permit from the Finnish Government to extract uranium as a by-productStock 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<http://www.talvivaara.com/>. [HUG#1405914] |
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