Talvivaara Mining Company Plc: Nyrstar has reinstated its support for reorganization application of Talvivaara Sotkamo Ltd
Talvivaara Mining Company Plc
16 December 2013
Nyrstar has reinstated its support for reorganization application of Talvivaara
Sotkamo Ltd
Talvivaara Mining Company Plc (the "Company") and Talvivaara Sotkamo Ltd applied
for a corporate reorganization on 15 November 2013 by filing related
applications with the district court of Espoo, Finland. On 29 November 2013 the
district court decided to commence the corporate reorganization process in
respect of Talvivaara Mining Company Plc. Talvivaara Sotkamo Ltd was granted
time until 18 December 2013 to supplement its application for corporate
reorganization. Today Nyrstar Sales & Marketing AG has reinstated its support
for the corporate reorganisation application.
The Company will liaise with the district court of Espoo on the next steps and
will inform the market of them without delay.
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.
Nyrstar has reinstated its support Dec 16 2013:
http://hugin.info/136227/R/1750047/589586.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1750047]