Consideration of charges22 Sep 2014 12:29
The consideration of charges relating to Talvivaara's gypsum pond leakage and discharges into water ways has been completed
Stock Exchange Release
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
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