Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara delivers first nickel to Norilsk Nickel

Talvivaara Mining Company Plc and Norilsk Nickel Harjavalta Oy

Talvivaara Mining Company Plc (“Talvivaara”, “the Company”), the Finnish mining
company with a primary focus on nickel and zinc, is pleased to announce that a
first shipment of approximately 100 tonnes of nickel product was sent today
from the Talvivaara mine in Sotkamo to the Norilsk Nickel Harjavalta refinery. 

The delivery is the first of a series which will continue under Talvivaara's
10-year Off-take Agreement with Norilsk Nickel for the entire output of the
mine's nickel and cobalt production. 

VR Cargo, the leading Finnish freight transport company, has developed the
customised railway transport equipment which will be used to transport the
metal sulphides to the refinery also in the future. 

Talvivaara's CEO Pekka Perä commented: 

“Today's first shipment of nickel to Norilsk, our off-take agreement partner,
is a fundamental step forward for Talvivaara as we progress towards full
production and becoming one of the world's leading nickel mining companies. I
would like to take this opportunity to thank all our partners, suppliers and
employees for their continued good work, which has allowed the first delivery
process to run so smoothly today.” 

Heikki Saari, Director of Norilsk Nickel Harjavalta, said: 

”The first train load of nickel sulphide marks the beginning of a new era here
in Harjavalta. In this project we get to be part of a new chain of nickel
refining technology and to develop it jointly with Talvivaara.” 



ENQUIRIES

Talvivaara Mining Company Plc		Tel: +358 20 7129 800
Saila Miettinen-Lähde

Norilsk Nickel Harjavalta Oy		Tel: +358 25 3712 200
Heikki Saari

Merlin						Tel: +44 207 653 6620
Tom Randell
Anca Spiridon

About Talvivaara Mining Company Plc.
Talvivaara is a Finnish mining company constructing 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 metal out of low grade
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 a minimum of 24 years. The Company has secured a 10-year
off-take agreement for 100 per cent of its main output of nickel and cobalt to
Norilsk Nickel. Talvivaara is listed on the London Stock Exchange Main Market
and is included in the FTSE 250 Index. Further information can be found at
www.talvivaara.com 

About Norilsk Nickel
Norilsk Nickel Harjavalta Oy belongs to international OJSC MMC Norilsk Nickel
Group, which is the world's largest producer of nickel and palladium and one of
the largest producers of copper, cobalt and other metals of the platinum group.
Norilsk Nickel Harjavalta produces approximately 66,000 tonnes of nickel and
nickel chemicals for international customers. The company's turnover was 1
billion euros in 2007, and it has 250 employees.