Talvivaara Delivers First Nickel to Norilsk Nickel
February 19 2009 - 4:28AM
UK Regulatory
TIDMTALV
RNS Number : 5708N
Talvivaara Mining Company PLC
19 February 2009
Talvivaara Mining Company Plc and Norilsk Nickel Harjavalta Oy
Talvivaara delivers first nickel to Norilsk Nickel
19 February 2009
Talvivaara Mining Company Plc ("Talvivaara", "the Company"), the Finnish mining
company with a primary focus on nickel and zinc, is pleased to announce that a
first shipment of approximately 100 tonnes of nickel product was sent today from
the Talvivaara mine in Sotkamo to the Norilsk Nickel Harjavalta refinery.
The delivery is the first of a series which will continue under Talvivaara's
10-year Off-take Agreement with Norilsk Nickel for the entire output of the
mine's nickel and cobalt production.
VR Cargo, the leading Finnish freight transport company, has developed the
customised railway transport equipment which will be used to transport the metal
sulphides to the refinery also in the future.
Talvivaara's CEO Pekka Per� commented:
"Today's first shipment of nickel to Norilsk, our off-take agreement partner, is
a fundamental step forward for Talvivaara as we progress towards full production
and becoming one of the world's leading nickel mining companies. I would like to
take this opportunity to thank all our partners, suppliers and employees for
their continued good work, which has allowed the first delivery process to run
so smoothly today."
Heikki Saari, Director of Norilsk Nickel Harjavalta, said:
"The first train load of nickel sulphide marks the beginning of a new era here
in Harjavalta. In this project we get to be part of a new chain of nickel
refining technology and to develop it jointly with Talvivaara."
ENQUIRIES
Talvivaara Mining Company Plc Tel: +358 20 7129 800
Saila Miettinen-L�hde
Norilsk Nickel Harjavalta OyTel: +358 25 3712 200
Heikki Saari
Merlin Tel: +44 207 653 6620
Tom Randell
Anca Spiridon
About Talvivaara Mining Company Plc.
Talvivaara is a Finnish mining company constructing a large open pit nickel mine
in Sotkamo, Finland. 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. 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. Talvivaara is listed on the London Stock Exchange Main Market and is
included in the FTSE 250 Index. Further information can be found at
www.talvivaara.com
About Norilsk Nickel
Norilsk Nickel Harjavalta Oy belongs to international OJSC MMC Norilsk Nickel
Group, which is the world's largest producer of nickel and palladium and one of
the largest producers of copper, cobalt and other metals of the platinum group.
Norilsk Nickel Harjavalta produces approximately 66,000 tonnes of nickel and
nickel chemicals for international customers. The company's turnover was 1
billion euros in 2007, and it has 250 employees.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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