Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara Mining Company Management Changes Stock Exchange Release Talvivaara Mining Company Plc 28 August 2013 Talvivaara Management Changes Talvivaara Mining Company Plc ("Talvivaara" or "the Company") announces changes in its management to reinforce and achieve the Company's operational and financial targets. Management changes are effective from 1 September 2013 and support Talvivaara's cost efficiency and productivity programme launched in June 2013. Mr. Darin Cooper, BEng, Metallurgy and MBA (British citizen, born in 1967), joins the Company as Chief Operating Officer and a member of the Company's Executive Committee. Mr. Cooper moves to Talvivaara from the Nyrstar Group. Most recently Mr. Cooper has served as General Manager for Nyrstar's Clarksville zinc smelter in Tennessee, United States. Mr. Cooper has 20 years of experience of base metals production and smelting as well as specific experience of projects aimed at increasing productivity and cost-efficiency. Following the changes, the members of the Talvivaara's Executive Committee will be CEO Pekka Perä, Deputy CEO and Chief Financial Officer Saila Miettinen-Lähde, Chief Commercial Officer Pekka Erkinheimo, Chief Sustainability Officer Eeva Ruokonen, Chief Human Resources Officer Maija Kaski, Chief Operating Officer Darin Cooper, Chief Metals Production Officer Pertti Pekkala and Chief Mining Officer Kari Vyhtinen. In addition to the Executive Committee, CEO Pekka Perä sets up a Technical Executive Committee. Besides the CEO, the Technical Executive Committee will consist of Chief Operating Officer Darin Cooper, Chief Metal Production Officer Pertti Pekkala, Senior Vice President - Projects Lassi Lammassaari and Chief Mining Officer Kari Vyhtinen. Talvivaara's former Chief Operating Officer Harri Natunen will continue to work for the Company as Senior Vice President - Energy. General Manager, Water Management Maija Vidqvist will resign from her position at the end of September but will continue working for Talvivaara as a consultant. Enquiries 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 Helsink. Further information can be found at www.talvivaara.com. Talvivaara management changes 28.8.13 Talvivaara management changes 28.8.13 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE HUG#1725312
Talvivaaran Kaivososakeyhtiö Oyj : Talvivaara Mining Company Management Changes
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