Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara Mining Company is planning organizational changes to increase efficiency

   Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara Mining Company is planning
                organizational changes to increase efficiency

Stock Exchange Release
Talvivaara Mining Company Plc
2 July 2013

     Talvivaara is planning organizational changes to increase efficiency

Talvivaara Mining  Company Plc  ("Talvivaara" or  the "Company")  is  planning 
organizational changes to support the Company's cost reduction and  efficiency 
programme in circumstances where the  price development of the Company's  main 
product, nickel, has remained weak during the first half of 2013. The  Company 
believes that the planned changes will increase operational efficiency, reduce
operating costs  and  assist in  creating  an organization  better  reflecting 
current market conditions.

The Company expects  that the planned  changes may result  in terminations  of 
employment and/or temporary lay-offs  and impact a  maximum of 250  employees. 
The Company has  invited representatives  of employee  groups to  co-operation 
consultations in accordance with applicable law. All three corporate entities,
Talvivaara  Mining  Company  Plc,   Talvivaara  Sotkamo  Ltd  and   Talvivaara 
Exploration Ltd,  are  within  the  scope  of  the  consultations.  Talvivaara 
currently employs approximately 600 people in total.

Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, Chief Executive Officer
Saila Miettinen-Lähde, Deputy CEO, 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 planning organizational changes to increase efficiency


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Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE
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