Talvivaaran Kaivososakeyhtiö Oyj - Company Announcement

Talvivaara enters into an agreement with Terrafame Mining Oy on provision of services

Stock Exchange Release

Talvivaara Mining Company Plc

13 August 2015



  Talvivaara enters into an agreement with Terrafame Mining Oy on provision of
                                    services



Following  the bankruptcy of  Talvivaara Sotkamo Ltd,  Talvivaara Mining Company
Plc  ("Talvivaara" or  the "Company")  has financed  its operations by providing
administrative  and technical services and by leasing certain critical machinery
and  equipment to the  bankruptcy estate of  Talvivaara Sotkamo under agreements
entered  into by  the Company  and the  bankruptcy estate  on 19 November 2014.
Talvivaara  has  on  13 August  2015 signed  an  agreement  on  transferring the
agreements  to Terrafame Mining Oy, a company  fully owned by the Finnish state-
owned company Terrafame Oy. According to the agreement, Talvivaara will continue
to  provide the services on the same  terms as previously applicable between the
Company and the bankruptcy estate. The agreement is subject to completion of the
transfer  of  the  Sotkamo  mining  operations  from  the  bankruptcy  estate of
Talvivaara Sotkamo Ltd to Terrafame Mining Oy.

Talvivaara  continues  its  business  with  the  target  of  securing sufficient
financing  to participate in the acquisition of the Sotkamo mining operations or
securing a different financial and/or operative arrangement that will secure the
continuance  of the  Company's eligible  business and  provide the best possible
outcome for the stakeholders of the Company.



Enquiries

Talvivaara Mining Company Plc Tel: +358 20 712 9800

Pekka Perä, CEO

Pekka Erkinheimo, Deputy CEO


[HUG#1945167]

Attachments:

Talvivaara enters into agreement with Terrafame Mining for services.pdf