2012-11-15 08:05:56 -
Stock Exchange Release
Talvivaara Mining Company Plc
15 November 2012
Talvivaara Management Changes
The Board of Directors of Talvivaara Mining Company Plc ("Talvivaara" or the
"Company") has decided to reorganize the management of the Company as of 15
November 2012 as follows:
* Independent Non-Executive Director, Lic.Tech. Tapani Järvinen was appointed
Chairman of the Board of Directors
* M.Sc. Mining Pekka Perä was appointed Chief Executive Officer
Both appointments are of interim nature and in force until further notice and at
least until the Company's operations have been stabilized following the recent
events. The committee established by the Board of Directors on 9 November 2012
will, with the assistance of external experts, aim at supporting the Company's
Board and management to ensure that similar events as those experienced recently
will not be seen in the future and that the measures taken will under all
circumstances be appropriate and sufficient.
Talvivaara's previous Chief Executive Officer, M.Sc. Mining Harri Natunen will
continue in other executive functions within the Company.
Talvivaara will organize a Finnish language press conference on 15 November
2012 at 11.00 AM Finnish time at Scandic Hotel Simonkenttä, Simonkatu 9,
Helsinki. An English language conference call will be held at 11.00 AM UK time /
1.00 PM Finnish time. The dial-in details are:
Participant Dial-In Numbers:
United Kingdom +44 (0) 1452 555566
Finland +358 (0) 9 2319 5187
United States +1 631 510 7498
Conference ID: #71852457
Enquiries
Talvivaara Mining Company Plc Tel: +358 20 7129 800
Tapani Järvinen, Chairman
Pekka Perä, CEO
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 at www.talvivaara.com.
Talvivaara Management Changes 15.11.12:
hugin.info/136227/R/1658240/536578.pdf
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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
[HUG#1658240]
