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2008-08-29 07:56:00 CEST 2008-08-29 08:05:05 CEST REGULATED INFORMATION This message has been corrected. Click here to view the corrected message Talvivaaran Kaivososakeyhtiö Oyj - Interim report (Q1 and Q3)Talvivaara Mining Company Plc unaudited interim results for theHighlights • 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 |
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