Talvivaara Mining Company is planning organizational changes to increase efficiency

Stock Exchange Release
Talvivaara Mining Company Plc
2 July 2013


Talvivaara is planning organizational changes to increase efficiency


Talvivaara Mining Company Plc ("Talvivaara" or the "Company") is planning
organizational changes to support the Company's cost reduction and efficiency
programme in circumstances where the price development of the Company's main
product, nickel, has remained weak during the first half of 2013. The Company
believes that the planned changes will increase operational efficiency, reduce
operating costs and assist in creating an organization better reflecting current
market conditions.

The Company expects that the planned changes may result in terminations of
employment and/or temporary lay-offs and impact a maximum of 250 employees. The
Company has invited representatives of employee groups to co-operation
consultations in accordance with applicable law. All three corporate entities,
Talvivaara Mining Company Plc, Talvivaara Sotkamo Ltd and Talvivaara Exploration
Ltd, are within the scope of the consultations. Talvivaara currently employs
approximately 600 people in total.



Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, Chief Executive Officer
Saila Miettinen-Lähde, Deputy CEO, 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. Further information can be found
at www.talvivaara.com.

Talvivaara planning organizational changes to increase efficiency:
http://hugin.info/136227/R/1713496/568804.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1713496]




Unternehmen: Talvivaaran Kaivososakeyhtiö Oyj - ISIN: FI0009014716