Talvivaara received the permission to discharge excess waters - discharge will now commence
February 12 2013 - 3:10AM
Stock
Exchange Release
Talvivaara Mining Company
Plc
12 February 2013
Talvivaara
received the permission to discharge excess waters - discharge will
now commence
Talvivaara Mining Company Plc
("Talvivaara" or the "Company") has on 12 February 2013 received a
permit decision from the Kainuu Centre for Economic Development,
Transport and the Environment ("Kainuu ELY Centre") to discharge
purified waste waters.
The discharge permit combined with
the discharge quota in Talvivaara's existing environmental permit
allow the Company to progress with its water management plans as
planned. These plans aim to prepare for environmental risks caused
by excess water on mine site and in safety dams as a result of the
gypsum pond leakage before the spring melt, and ensure that ore
production can be re-started in July 2013.
The monitoring authority Kainuu
ELY Centre permits Talvivaara to discharge 1.8 million m3
of neutralised waste water into the Vuoksi and Oulujoki waterways,
such that 0.9 million m3 is discharged
into each direction by 30 June 2013.
Additionally Talvivaara can direct
0.5 million m3 of waters
currently in the open pit into the Kuusilampi pond in the vicinity
of the pit, and continue to discharge within the 1.3 million
m3 discharge
quota in its existing environmental permit.
According to the Kainuu ELY
Centre, the permitting authority Northern Finland Regional
Administrative Agency ("AVI") can in addition to Kainuu ELY Centre
resolve upon additional discharges beyond the now authorized 1.8
million m3 by amending
the permit conditions of Talvivaara's existing environmental
permit. The Kainuu ELY Centre considers that the process should be
initiated at AVI without delay. Talvivaara has already applied for
removal of the 1.3 million m3 annual
discharge quota in connection with the update process of its
existing environmental permit. While the decision on the overall
update of the environmental permit is expected in the spring,
Kainuu ELY Centre expediting the matter may assist in removing the
discharge quota already earlier. The Kainuu ELY Centre can also
allow discharging waters beyond the currently authorized 1.8
million m3 if AVI has
not resolved upon an executable decision on the matter by the time
the currently allowed discharge quota is about to be exhausted.
Talvivaara's original notification
under Section 62 of the Environmental Protection Act proposed a
discharge requirement of 3.8 million m3 in total.
However, Talvivaara considers these arrangements and the 1.3
million m3 quota in the
existing environmental permit to enable the commencement of planned
water management arrangements and their implementation in the short
term. Talvivaara believes these measures to also enable the
re-start of ore production in July 2013 in accordance with the 2013
production plan. However, in order to achieve a sustainable
longer-term water balance and permanent reduction in the
operation's risk level, Talvivaara continues to consider the
discharge of the entire 3.8 million m3 or removal of
the 1.3 million m3 discharge
quota in the existing environmental permit to be necessary.
Talvivaara will commence the
neutralisation and discharge of waters from the mine site without
delay in accordance with the Kainuu ELY Centre decision. The
quality of discharged waters is targeted to be in line with the
requirements of Talvivaara's environmental permit, and any impact
of the discharge on downstream waters is monitored
continuously.
Enquiries
Talvivaara Mining Company Plc Tel
+358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and 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.
Talvivaara received the permission
to discharge excess waters 12.2.13
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#1677329
Talvivaara (LSE:TALV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Talvivaara (LSE:TALV)
Historical Stock Chart
From Jul 2023 to Jul 2024