Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara was granted an environmental permit decision relating to its whole operation and uranium recovery

Stock Exchange Release
Talvivaara Mining Company Plc
30 April 2014


 Talvivaara was granted an environmental permit decision relating to its whole
                         operation and uranium recovery



Talvivaara Mining Company Plc ("Talvivaara" or the "Company") announces that its
operating  subsidiary,  Talvivaara  Sotkamo  Ltd,  has  today  received from the
Northern  Finland Regional State Administrative  Agency ("AVI") an environmental
permit  decision relating to the whole Talvivaara operation and an environmental
permit for the uranium recovery.

The  permit decision  is not  yet final,  but will  only be  applicable when the
potential  appeal processes have  been completed. Talvivaara  operates under the
previously obtained, existing permits until the new permit is final.

Talvivaara  will assess  the obtained  permit decision.  Time for  appeal to the
Vaasa  Administrative Court will end  on 30 May 2014. Tentatively Talvivaara has
identified  issues  in  the  permit  decision  for which the Company will appeal
against.  All the compensation  matters related to  the environmental permit are
dealt with in a separate process of AVI.

Talvivaara submitted an environmental permit renewal application and the uranium
recovery  environmental permit  application separately  in the  spring of 2011.
Thereafter  AVI combined  the two  applications and  the applications  have been
supplemented  several times. It  is expected that  also the appeal  process in a
case this scale will last for years.


Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
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.

[HUG#1781332]

Attachments:

Environ. permit decision relating to operation and uranium recovery.pdf