Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara Mining Company is planning organizational changes to increase efficiency

Stock Exchange Release
Talvivaara Mining Company Plc
2 July 2013


      Talvivaara is planning organizational changes to increase efficiency


Talvivaara  Mining  Company  Plc  ("Talvivaara"  or  the  "Company") is planning
organizational  changes to support  the Company's cost  reduction and efficiency
programme  in circumstances  where the  price development  of the Company's main
product,  nickel, has remained  weak during the  first half of 2013. The Company
believes  that the planned changes  will increase operational efficiency, reduce
operating costs and assist in creating an organization better reflecting current
market conditions.

The  Company  expects  that  the  planned  changes may result in terminations of
employment  and/or temporary lay-offs and impact a maximum of 250 employees. The
Company   has   invited  representatives  of  employee  groups  to  co-operation
consultations  in accordance with applicable  law. All three corporate entities,
Talvivaara Mining Company Plc, Talvivaara Sotkamo Ltd and Talvivaara Exploration
Ltd,  are within  the scope  of the  consultations. Talvivaara currently employs
approximately 600 people in total.



Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, Chief Executive Officer
Saila Miettinen-Lähde, Deputy CEO, 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. Further information can be found
at www.talvivaara.com.

[HUG#1713496]

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Talvivaara planning organizational changes to increase efficiency.pdf