Talvivaara Mining Company Plc: No material financial impact from reassessment of uranium extraction permit anticipated

Stock exchange release
Talvivaara Mining Company Plc
5 December 2013



Talvivaara anticipates no material financial impact from reassessment of uranium
extraction permit

Having further assessed the decision by the Supreme Administrative Court to
return the uranium extraction permit for reassessment by the Finnish Government,
Talvivaara Mining Company Plc (the "Company") states that this decision has no
material financial impact on the Company in the short or medium term. The
Company does not either expect the decision to have an impact on the corporate
reorganisation proceedings of the Company, nor on the potential corporate
reorganisation proceedings of Talvivaara Sotkamo Ltd.


CEO Pekka Perä comments: "The Company has aimed at gradually commencing uranium
extraction as a
by-product during the summer and autumn of 2014, subject to all necessary
permits having been obtained by then. As a result of the ruling by the Supreme
Administrative Court, the production start-up is likely to be somewhat delayed,
but we do not foresee this having any material impact on our 2014 financial
results. Our near term focus remains on stabilising our financial situation and
on enhancing the production of our main products, nickel and zinc."


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. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki. Further information can be found
at www.talvivaara.com.

On uranium permit decision impact:
http://hugin.info/136227/R/1747999/588678.pdf



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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1747999]