Talvivaara signs a EUR 100 million corporate revolving credit facility, Production ramp-up progressing as expected

STOCK EXCHANGE RELEASE
Talvivaara Mining Company Plc
30 June 2010


Talvivaara signs a EUR 100 million corporate revolving credit facility
Production ramp-up progressing as expected


Talvivaara Mining Company Plc ("Talvivaara" or the "Company") is pleased to
announce that it has signed a EUR 100 million three-year revolving multicurrency
credit facility with Nordea Bank, Handelsbanken and Sampo Bank as the mandated
lead arrangers and lenders. The facility carries a margin of 300 bps until 31
December 2010 and thereafter a varying margin of 175-300 bps depending on the
Company's leverage ratio. Utilisation fees of 25 bps and 50 bps are applicable
on drawings exceeding 50% and 75% respectively of the facility amount. The
facility is intended for general corporate purposes.

Production ramp-up at the Talvivaara mine is progressing according to plan with
nickel production volumes increasing from 628 tonnes in April to 808 tonnes in
May and to more than 1,200 tonnes in June to date. Following the first quarter
nickel production of 610 tonnes, the recent development verifies a progressive
ramp-up with significant improvement in all production processes. Zinc
production during the second quarter has so far exceeded 5,500 tonnes.

Talvivaara reiterates its production guidance of 15,000-25,000 tonnes of nickel
for the current year, with the range above 15,000 tonnes relating to the
back-precipitated nickel inventory in heap section 1, where it remains uncertain
how quickly the metal can be released to production.

CEO Pekka Perä commented: "The signing of the EUR 100 million revolving credit
facility marks the financial completion of the Talvivaara mine project and
concludes our transformation into an operating entity. This is an important
milestone for us because it increases our financial flexibility and range of
options going forward."


ENQUIRIES

Talvivaara Mining Company Plc Tel: +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, CFO

Merlin PR Tel: +44 207 653 6620
David Simonson
Anca Spiridon


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 sufficient to support anticipated production for at least 46 years.
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.




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Talvivaara signs a EUR 100 million corporate revolving credit facility: http://hugin.info/136227/R/1428486/375849.pdf



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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE


Unternehmen: Talvivaaran Kaivososakeyhtiö Oyj - ISIN: FI0009014716