TALV Talvivaara

 
TIDMTALV 
 
Stock Exchange Release 
 
Talvivaara Mining Company Plc 
 
18 January 2012 
 
 
 
                           Uranium Permitting Update 
 
 European Commission confirms positive opinion on Talvivaara's uranium recovery 
                        process under the Euratom Treaty 
 
 
Talvivaara  Mining Company Plc  ("Talvivaara") announces that  it has received a 
positive  opinion on its  uranium recovery process  from the European Commission 
under  the Euratom Treaty ("Treaty").  One of  the main objectives of the Treaty 
is  to improve the supply security of nuclear fuel in the European Union. In its 
opinion,  the  European  Commission  considers  that  uranium  recovery  at  the 
Talvivaara  mine complies with the  goals set by the  Treaty and may improve the 
supply security of nuclear fuel in the European Union. 
 
This  opinion is the second  step in the uranium  permitting process and follows 
European  Commission approval in November 2011 for Talvivaara's uranium off-take 
agreement  with  Cameco  Corporation.  Both  steps  are  a requirement under the 
Finnish government licensing procedure. 
 
The  start of uranium production is  further subject to Environmental Permit and 
license  from the  Finnish Government  to extract  uranium as a by-product.  The 
Environmental  Permit application  for uranium  extraction was  submitted to the 
Regional  Environmental Permitting Agency in March  2011 and the decision on the 
permit  is expected  during Q2  2012. In April  2010, Talvivaara applied  to the 
Ministry  of Employment and  Economy for a  license to extract  uranium as a by- 
product,  in accordance  with the  Nuclear Energy  Act.  Approval by the Finnish 
Government is expected during Q1 2012. 
 
 
 
ENQUIRIES 
 
Talvivaara Mining Company Plc. Tel: +358 20 7129 800 
Kari Vyhtinen, Chief Investment Officer 
 
 
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  and is included in the FTSE- 250 
index. Further information can be found at www.talvivaara.com. 
 
 
 
Talvivaara Uranium Permitting Update 18 January 2012: 
http://hugin.info/136227/R/1578498/492394.pdf 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE 
 
[HUG#1578498] 
 

Talvivaara (LSE:TALV)
Historical Stock Chart
From May 2024 to Jun 2024

Talvivaara (LSE:TALV)
Historical Stock Chart
From Jun 2023 to Jun 2024