Talvivaara Mining Co Talvivaara Was Granted An Environmental Permit Decision Relating To Its Whole Operation And Uranium Reco...
30 Abril 2014 - 2:51AM
UK Regulatory
TIDMTALV
Stock Exchange Release
Talvivaara Mining Company Plc
30 April 2014
Talvivaara was granted an environmental permit decision relating to its
whole operation and uranium recovery
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") announces
that its operating subsidiary, Talvivaara Sotkamo Ltd, has today
received from the Northern Finland Regional State Administrative Agency
("AVI") an environmental permit decision relating to the whole
Talvivaara operation and an environmental permit for the uranium
recovery.
The permit decision is not yet final, but will only be applicable when
the potential appeal processes have been completed. Talvivaara operates
under the previously obtained, existing permits until the new permit is
final.
Talvivaara will assess the obtained permit decision. Time for appeal to
the Vaasa Administrative Court will end on 30 May 2014. Tentatively
Talvivaara has identified issues in the permit decision for which the
Company will appeal against. All the compensation matters related to the
environmental permit are dealt with in a separate process of AVI.
Talvivaara submitted an environmental permit renewal application and the
uranium recovery environmental permit application separately in the
spring of 2011. Thereafter AVI combined the two applications and the
applications have been supplemented several times. It is expected that
also the appeal process in a case this scale will last for years.
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 and is included in the FTSE
250 Index. Further information can be found at www.talvivaara.com.
Environ. permit decision relating to operation and uranium recovery:
http://hugin.info/136227/R/1781332/609412.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via Globenewswire
HUG#1781332
http://www.talvivaara.com
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