Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara received the permission to
discharge excess waters - discharge will now commence
Stock Exchange Release
Talvivaara Mining Company Plc
12 February 2013
Talvivaara received the permission to discharge excess waters - discharge will
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") has on 12
February 2013 received a permit decision from the Kainuu Centre for Economic
Development, Transport and the Environment ("Kainuu ELY Centre") to discharge
purified waste waters.
The discharge permit combined with the discharge quota in Talvivaara's
existing environmental permit allow the Company to progress with its water
management plans as planned. These plans aim to prepare for environmental
risks caused by excess water on mine site and in safety dams as a result of
the gypsum pond leakage before the spring melt, and ensure that ore production
can be re-started in July 2013.
The monitoring authority Kainuu ELY Centre permits Talvivaara to discharge 1.8
million m^3 of neutralised waste water into the Vuoksi and Oulujoki waterways,
such that 0.9 million m^3 is discharged into each direction by 30 June 2013.
Additionally Talvivaara can direct 0.5 million m^3 of waters currently in the
open pit into the Kuusilampi pond in the vicinity of the pit, and continue to
discharge within the 1.3 million m^3 discharge quota in its existing
According to the Kainuu ELY Centre, the permitting authority Northern Finland
Regional Administrative Agency ("AVI") can in addition to Kainuu ELY Centre
resolve upon additional discharges beyond the now authorized 1.8 million m^3
by amending the permit conditions of Talvivaara's existing environmental
permit. The Kainuu ELY Centre considers that the process should be initiated
at AVI without delay. Talvivaara has already applied for removal of the 1.3
million m^3 annual discharge quota in connection with the update process of
its existing environmental permit. While the decision on the overall update of
the environmental permit is expected in the spring, Kainuu ELY Centre
expediting the matter may assist in removing the discharge quota already
earlier. The Kainuu ELY Centre can also allow discharging waters beyond the
currently authorized 1.8 million m^3 if AVI has not resolved upon an
executable decision on the matter by the time the currently allowed discharge
quota is about to be exhausted.
Talvivaara's original notification under Section 62 of the Environmental
Protection Act proposed a discharge requirement of 3.8 million m^3 in total.
However, Talvivaara considers these arrangements and the 1.3 million m^3 quota
in the existing environmental permit to enable the commencement of planned
water management arrangements and their implementation in the short term.
Talvivaara believes these measures to also enable the re-start of ore
production in July 2013 in accordance with the 2013 production plan. However,
in order to achieve a sustainable longer-term water balance and permanent
reduction in the operation's risk level, Talvivaara continues to consider the
discharge of the entire 3.8 million m^3 or removal of the 1.3 million m^3
discharge quota in the existing environmental permit to be necessary.
Talvivaara will commence the neutralisation and discharge of waters from the
mine site without delay in accordance with the Kainuu ELY Centre decision. The
quality of discharged waters is targeted to be in line with the requirements
of Talvivaara's environmental permit, and any impact of the discharge on
downstream waters is monitored continuously.
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO
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. Further
information can be found at www.talvivaara.com.
Talvivaara received the permission to discharge excess waters 12.2.13
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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
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