Talvivaara: No authority investigation ongoing for a temporary close-down of Talvivaara mining operations

Stock Exchange Release

Talvivaara Mining Company Plc

15 November 2011




No authority investigation ongoing for a temporary close-down of Talvivaara
mining operations


Talvivaara Mining Company Plc ("Talvivaara") announces that, contrary to the
recent allegations presented in the media (Helsingin Sanomat 10 November , Yle
News 15 November and Reuters 15 November), the Centre for Economic Development,
Transport and the Environment (ELY Centre) of Kainuu is not contemplating on
restricting or temporarily closing down Talvivaara's mining operations.

Earlier in the autumn of 2011, the Kainuu ELY Centre has, on the basis of an
application filed by two individuals, investigated whether there have been any
breaches of applicable environmental provisions in Talvivaara's mining
operations, which would give rise to administrative coercive measures, such as
an order to take action under a penalty payment or a temporary close-down of the
operations.  However, the Kainuu ELY Centre gave an unequivocal ruling on 4
October 2011, according to which there are no grounds for any such coercive
measures.

Talvivaara's CEO Pekka Perä comments: "The stated allegation on ongoing
investigations is puzzling, as we have on numerous occasions been confirmed by
the Kainuu ELY Centre, as the competent authority, that they are presently not
conducting such investigations. The news repeatedly broadcast in the media is
completely incorrect."

"Talvivaara is a responsible mining operator and we will always do everything
within our power to minimise the environmental impacts of our operations."

Talvivaara will give a more detailed description of the planned and taken
actions to minimise the environmental impacts of its operations on Thursday 17
November.

ENQUIRIES

Talvivaara Mining Company Plc.  Tel: 358 20 7129 800
Pekka Perä, Chief Executive Officer
Pekka Erkinheimo, Chief Commercial Officer


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 atwww.talvivaara.com.



No investigation ongoing for a temporary close-down Talvivaara:
http://hugin.info/136227/R/1564045/485028.pdf




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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE

[HUG#1564045]


Unternehmen: Talvivaaran Kaivososakeyhtiö Oyj - ISIN: FI0009014716