Talvivaara Mining Company Plc: Exemption from the Timing of Publication of the Financial Statements Release
24.01.2014 | Globenewswire Europe
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Talvivaara Mining Company Plc
24 January 2014
Exemption for Talvivaara from the Timing of Publication of the Financial
Statements Release
Talvivaara Mining Company Plc ("Talvivaara") has received an exemption permit
from the Finnish Financial Supervisory Authority from the timing of publication
of the financial statements release for the financial period from 1 January
2013 to 31 December 2013 as set out in Chapter 7, Section 9 of the Finnish
Securities Markets Act and will publish the financial statement release on 27
March 2013.
Talvivaara applied for the exemption from the timing of publication of the
financial statements release since Talvivaara's ongoing restructuring process
affects Talvivaara's ability to publish the financial statements release by the
required deadline.
The Finnish Financial Supervisory Authority has granted an exemption for
Talvivaara on the basis of Chapter 7, Section 18 of the Finnish Securities
Markets Act from the publication deadline of the financial statement release for
the financial period from 1 January 2013 to 31 December 2013 stated in Chapter
7, Section 9 of the Finnish Securities Markets Act, provided that Talvivaara
will no later than on 28 February 2014, publish a general description of the
period from 1 January 2013 to 31 December 2013 regarding the results of
operations and financial position and the development of these as well as a
report of the material events and transactions occurred during the reporting
period in addition to the effect of these on the financial position as required
by Chapter 7, Section 14, Subsection 3 of the Finnish Securities Markets Act.
Talvivaara will publish a report in accordance with the requirements of Chapter
7, Section 14, Subsection 3 of the Finnish Securities Markets Act on 27 February
2014 and the financial statements release on 27 March 2014. The annual report in
an electronic form will be published on 31 March 2014.
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.
Exemption from the Timing of Publication of the Financial Statements:
http://hugin.info/136227/R/1757038/593526.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1757038]