Talvivaara Mining Company Plc: The Supreme Administrative Court returns the uranium permit for reassessment by the Finnish Government

Stock exchange release
Talvivaara Mining Company Plc
5 December 2013



The Supreme Administrative Court has returned the decision to extract uranium
for reassessment by the Finnish Government

Talvivaara Mining Company Plc ("Company") announces that the Supreme
Administrative Court has today returned the permit of 1 March 2012 to extract
uranium granted to the Company's operating subsidiary, Talvivaara Sotkamo Ltd
("Talvivaara Sotkamo"), for reassessment by the Finnish Government. According to
the Supreme Administrative Court there have been several changes in the
operations of Talvivaara Sotkamo following the permit decision, including the
filing for corporate reorganization at the Espoo district court by Talvivaara
Sotkamo on 15 November 2013. Before the ruling the Government should reassess
the permit application documentation and, if needed, obtain additional
information on the economical and safety related requirements set forth in the
Nuclear Energy Act. The Company continues to assess the decision.


Enquiries

Talvivaara Mining Company Plc   Tel +358 20 7129 800
Saila Miettinen-Lähde, Deputy CEO and CFO
Pekka Erkinheimo, Chief Commercial 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. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki. Further information can be found
at www.talvivaara.com.

Decision to return the uranium permit for reassessment:
http://hugin.info/136227/R/1745485/588628.pdf



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1745485]