Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Mining Company Plc: Co-operation consultations concluded

Stock Exchange Release
Talvivaara Mining Company Plc
8 January 2014




               Talvivaara's co-operation consultations concluded

Talvivaara  Mining Company Plc ("Talvivaara" or the "Company") has concluded its
co-operation   consultations.   All  personnel  groups  in  Talvivaara  and  its
subsidiaries  Talvivaara Sotkamo Ltd and  Talvivaara Exploration Ltd were within
the scope of consultations.

Following  the  consultation  process,  Talvivaara  will  gradually lay off 246
employees  for an indefinite  period. In the  beginning of the consultations the
Company estimated the possible employee impact to be terminations of employment,
lay-offs  and/or  changes  to  part-time  contracts.  Talvivaara  currently  has
approximately 530 employees.

Lay-offs  will  support  the  Company  and  Talvivaara  Sotkamo  Ltd's corporate
reorganization  and  adjust  the  number  of  personnel to the current operating
scheme  under which ore production  is temporarily discontinued. Bioheapleaching
and metals recovery activities continue in a normal fashion.



Enquiries:

Talvivaara Mining Company Plc          Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO



Talvivaara
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. Further information can be found
at www.talvivaara.com



[HUG#1753341]

Attachments:

Talvivaara s co-operation consultations concluded 8.1.2014.pdf