First Metal Production

RNS Number : 7935E
Talvivaara Mining Company PLC
01 October 2008

Talvivaara Mining Company Plc

1 October 2008

First metal production at the Talvivaara mine on 1 October 2008 on time

Talvivaara produced its first metal sulphides on 1 October 2008 as planned. The start-up of metals production followed the commencement
of mining operations in April and materials handling and bioheapleaching processes in July this year.

The EUR 250 million metals recovery plant is scheduled to produce 33,000 tonnes of nickel and 60,000 tonnes of zinc per annum by 2010.
Approximately 60% of the planned volumes, some 20,000 tonnes of nickel and 37,000 tonnes of zinc, is expected to be produced in 2009.

The successful start-up of metals recovery demonstrates that the entire production process at Talvivaara, including bioheapleaching, is now
operational. While the production volumes during the rest of 2008 will remain low in accordance with the plan, the main target over the
coming months will be to optimize the various processes for commercially significant production from the beginning of 2009 and beyond.

Talvivaara's CEO, Pekka Per comments: "I am delighted to have produced our first metal! I would like to thank the whole team responsible
not only for getting this far, but also for doing so on time and within budget. We have lots more work ahead as we ramp up to full planned
production. For today, however, all the team deserve to feel pride in what we have achieved, building a producing mine from what was little
more than an idea less than five years ago."

Enquiries:

Talvivaara Mining Company Plc Tel. +358 20 7129 800
Pekka Per
Saila Miettinen-Lde

Merlin Tel: +44 207 653 6620
Tom Randell
Maria Suleymanova
Anca Spiridon

Talvivaara aims to become an internationally significant base metals producer with its primary focus on nickel and zinc using a
technology known as bioheapleaching to extract metal out of low grade 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
sufficient to support anticipated production for a minimum of 24 years after the now realized production start-up in October 2008. The
Company has secured a 10-year off-take agreement for 100 per cent. of its main output of nickel and cobalt to Norilsk Nickel.

This information is provided by RNS
The company news service from the London Stock Exchange

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