Talvivaara was granted an environmental permit decision relating to its whole operation and uranium recovery
30.04.2014 | Globenewswire Europe
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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
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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1781332]