The consideration of charges relating to Talvivaara's gypsum pond leakage and discharges into water ways has been completed
22.09.2014 | Globenewswire Europe
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Talvivaara Mining Company Plc
22 September 2014
The consideration of charges relating to Talvivaara's gypsum pond leakage and
discharges into water ways has been completed
The consideration of charges, which related to Talvivaara Mining Company Plc's
("Talvivaara" or the "Company") operating subsidiary Talvivaara Sotkamo Ltd's
("Talvivaara Sotkamo") gypsum pond leakages of November 2012 and April 2013 and
the sodium, sulphate and manganese discharges that exceeded the anticipated
amounts stated in the original environmental permit application of the mine, has
been completed.
According to the information obtained by the Company, the prosecutor has decided
not to bring charges against thirteen specialists and members of the middle
management that were heard as suspects. The prosecutor has decided to bring
charges against four members of Talvivaara's management, including CEO Pekka
Perä and former CEO Harri Natunen. The charges concern aggravated impairment of
the environment. The prosecutor also requests a corporate fine imposed on
Talvivaara Sotkamo and compensation for the benefit obtained by the alleged
crime.
The Company has previously stated that, in its view, no crime has been
committed. The now completed pre-trial investigation and consideration of
charges have given the Company no reason to change its view, and the Company
does not share the prosecutor's view of the threshold for charges having been
met. The Company welcomes, however, the opportunity to have the facts relating
to the matter as well as the then-current operating conditions of the Company
discussed in an open court.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Tapani Järvinen, Chairman
Pekka Erkinheimo, Head of Legal & Commercial
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 NASDAQ OMX
Helsinki. Further information can be found at www.talvivaara.com.
Consideration of charges re Talvivaara’s environmental issues complete:
http://hugin.info/136227/R/1857361/650324.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
[HUG#1857361]