22 Dec 2008 10:48
Talvivaara Mining Company Plc
Stock Exchange Release 22 December 2008
Talvivaara to release Interim Management Statements
instead of Interim Reports for the First and Third Quarters of 2009
The Board of Directors of Talvivaara Mining Company Plc (the "Company") has resolved, based on law 152/2007 passed on 9 September 2007 to amend the Finnish Securities Market Act, to release Interim Management Statements in accordance with Chapter 2 Section 5C of the amended act for the first three and nine months of the fiscal year 2009 instead of Interim Reports for the respective periods. The basis for the resolution is Section 4 (4) of the Regulation of the Ministry of Finance (153/2007), according to which a company may publish Interim Management Statements if its shares are publicly traded only in another member state of the European Economic Area, where listed companies are not required to publish quarterly reports for the first three and nine months of the fiscal year.
The publication dates for the Company's Interim Management Statements and the Interim Report will, as published in the Company's Stock Exchange Release of 4 December 2008, will be the following:
Interim Management Statement January-April 2009, Tuesday 28 April 2009
Interim Report January-June 2009, Monday 31 August 2009
Interim Management Statement January-October 2009, Wednesday 28 October 2009.
Enquiries:
Talvivaara Mining Company Plc Tel: +358 20 7129 800
Pekka Perä
Saila Miettinen-Lähde
Merlin Tel: +44 207 653 6620 Tom Randell Maria Suleymanova
Talvivaara aims to become an internationally significant base metals producer with its primary focus on nickel and zinc using a technology known as bioheapleaching to extract metal out of low grade 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 over 40 years after the now realized production start-up in October 2008. The Company has secured a 10-year off-take agreement for 100 per cent. of its main output of nickel and cobalt to Norilsk Nickel.