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- With a planned annual production of approximately 50,000 tonnes of nickel, Talvivaara has the potential to provide 2.3% of the world's current annual production of primary nickel by 2012.
- Talvivaara is anticipated to produce metals for a minimum of +60 years.
- First metals production in October 2008.Full scale production started in Q1 of 2009.
- First shipment of commercial grade nickel sulphide on 19 February 2009.
- Both Kuusilampi and Kolmisoppi are JORC classified deposits. The deposits have a thin overburden and a waste to ore ratio close to 1/1, making the deposits easy to mine and well-suited for open-pit operation. As such, - Talvivaara expects to have lower relative capital and operational cost than a substantial proportion of other nickel mines, thereby making it less susceptible to price variations of commodities.
- Talvivaara's bioheapleaching technology is expected to enable cost effective development and exploitation of the resource. The technology will provide the Group with cost advantages, both in terms of capital and operational expenditure.
- Finland has good geological databases, good infrastructure, a progressive mining law and readily available exploration services. The Group is expected to benefit from proximity of the project to existing energy and transportation infrastructure and potential customers.
Originally posted by Thebel
It makes me sick that people want to close this one, Finland needs new flagship, since paper industry is going down. We own one of largest nickel deposits in Europe, shouldn't we use it? They can also move the metal processing plant to Russia if they want, and leave the mine here. But then profits go to Russia.edit on 14-11-2012 by Thebel because: (no reason given)
Originally posted by OnWhiteMars
Originally posted by Thebel
It makes me sick that people want to close this one, Finland needs new flagship, since paper industry is going down. We own one of largest nickel deposits in Europe, shouldn't we use it? They can also move the metal processing plant to Russia if they want, and leave the mine here. But then profits go to Russia.edit on 14-11-2012 by Thebel because: (no reason given)
But this fact doesn't give us the right to exploit AND rape the nature.
Originally posted by OnWhiteMars
It is funny how the former CEO (resigned in the beginning of 2012) has fled the scene. The basin and the overflow ponds are his design. He is nowhere to be found at the moment. He gave his word in 2007 that if there ever would be a leak, the water would be cleaner than lake water. An that the Company would work through any crisis. Well... The water wasn't quite that pure and seems like the rat has jumped ship.
Source
Sorry for the news being in Finnish but you can use Google translator.
Stock Exchange Release
Talvivaara Mining Company Plc
14 November 2012
Talvivaara`s gypsum pond leakage has stopped
Kainuu ELY Centre requests further clarifications to grant permission for re-start
of the metals recovery plant
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") announces that the leakage of the gypsum pond at the Sotkamo mine has stopped. Most of the water that had previously leaked from the pond is contained within the mining concession area by the newly built fourth safety dam. No further release of the leakage water outside the mine area is anticipated.
Before the fourth safety dam was completed, some water from the gypsum pond had to be released towards South between Thursday 8 November and Sunday 11 November 2012. The released water was neutralized with lime in order to reduce its acidity and to precipitate its metal content. However, the effects of the discharge can be seen in the nearby waters as temporarily increased metal concentrations. According to the statement by Finland`s environmental administration on 13 November 2012, the samples taken from water bodies on the Southern side of the mine area on 11 November 2012 show metal concentrations that are harmful to life forms in these waters. Metals concentrations in the downstream river have already clearly reduced following the stoppage of any leakage outside the mine area. The Environmental administration continues to simulate the effects of the discharge as analytical data from water samples accumulates and informs of any effects in downstream waters.
Talvivaara has on 13 November 2012 given the clarification requested by the Kainuu Centre for Economic Development, Transport and the Environment ("Kainuu ELY Centre") in order to grant permission for the re-start of Talvivaara`s metals recovery plant. After reviewing the clarification, the Kainuu ELY Centre has requested certain further clarifications, which the Company anticipates to provide during 14 November 2012.
Talvivaara has stated in its Production Update of 15 October 2012 and its Interim Results of 8 November 2012 that it anticipates its fourth quarter production to increase over the 4,030 tonnes of nickel achieved in the third quarter. As the stoppage of the metals recovery plant continues, the Company has to re-assess this target, but can only do so after it has received the ELY Centre`s decision on the permitted start-up date of the metals recovery plant.
Enquiries
Talvivaara Mining Company Plc Tel: +358 20 7129 800
Harri Natunen, Chief Executive Officer
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 and is included in the FTSE 250 Index. Further information can be found at www.talvivaara.com.
Talvivaara`s gypsum pond leakage has stopped
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
Originally posted by wujotvowujotvowujotvo
Talvivaara Mining Company Plc. Talvivaara's gypsum pond leakage has stopped
Thomson Reuters ONE Press Release: Talvivaaran Kaivososakeyhtiö Oyj – 9 hours ago
finance.yahoo.com/news/talvivaara-mining-company-plc-talvivaaras-075803631.html
Stock Exchange Release
Talvivaara Mining Company Plc
14 November 2012
Talvivaara`s gypsum pond leakage has stopped
Kainuu ELY Centre requests further clarifications to grant permission for re-start
of the metals recovery plant
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") announces that the leakage of the gypsum pond at the Sotkamo mine has stopped. Most of the water that had previously leaked from the pond is contained within the mining concession area by the newly built fourth safety dam. No further release of the leakage water outside the mine area is anticipated.
Before the fourth safety dam was completed, some water from the gypsum pond had to be released towards South between Thursday 8 November and Sunday 11 November 2012. The released water was neutralized with lime in order to reduce its acidity and to precipitate its metal content. However, the effects of the discharge can be seen in the nearby waters as temporarily increased metal concentrations. According to the statement by Finland`s environmental administration on 13 November 2012, the samples taken from water bodies on the Southern side of the mine area on 11 November 2012 show metal concentrations that are harmful to life forms in these waters. Metals concentrations in the downstream river have already clearly reduced following the stoppage of any leakage outside the mine area. The Environmental administration continues to simulate the effects of the discharge as analytical data from water samples accumulates and informs of any effects in downstream waters.
Talvivaara has on 13 November 2012 given the clarification requested by the Kainuu Centre for Economic Development, Transport and the Environment ("Kainuu ELY Centre") in order to grant permission for the re-start of Talvivaara`s metals recovery plant. After reviewing the clarification, the Kainuu ELY Centre has requested certain further clarifications, which the Company anticipates to provide during 14 November 2012.
Talvivaara has stated in its Production Update of 15 October 2012 and its Interim Results of 8 November 2012 that it anticipates its fourth quarter production to increase over the 4,030 tonnes of nickel achieved in the third quarter. As the stoppage of the metals recovery plant continues, the Company has to re-assess this target, but can only do so after it has received the ELY Centre`s decision on the permitted start-up date of the metals recovery plant.
Enquiries
Talvivaara Mining Company Plc Tel: +358 20 7129 800
Harri Natunen, Chief Executive Officer
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 and is included in the FTSE 250 Index. Further information can be found at www.talvivaara.com.
Talvivaara`s gypsum pond leakage has stopped
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