Talvivaaran Kaivososakeyhtiö Oyj - Interim report (Q1 and Q3)

Talvivaara Mining Company Plc unaudited interim results for the

Highlights

• Talvivaara mine connected to the Finnish national main grid in January
through a 110 kV power line constructed from the Vuolijoki substation to the
mine 
• Agreement with VR-Track Ltd for the construction and maintenance of a 25 km
railroad connection to the national rail network signed in January 
• Environmental permit upheld and starting order for the mining operations
expanded by the ruling of the Vaasa Court of Appeal in February 
• Operational mining in Talvivaara commenced on 1 April
• An offering of € 84.9 million of convertible bonds was successfully placed in
May 
• Feasibility study on manganese production commenced in cooperation with
Outokumpu Corporation in June 
• Capital expenditure January - June 2008 EUR 173 million
• Cash and cash equivalents on 30 June 2008 EUR 74.1 million
• Materials handling operations commenced as planned in July; initial results
from bioheapleaching very promising with heap temperature and bacterial counts
rising 
• Initial utilisation request for a drawdown of $165 million of the $320
million project term loan facility was issued on 28 August 

PLEASE FIND ATTACHED FULL INTERIM REPORT 2008 AS PDF

Attachments:

29.08.08 interim 2008.pdf