Stock exchange release
Talvivaara Mining Company Plc
29 November 2013
Change in the composition of Talvivaara`s Board
Michael Rawlinson stepping down from the Board due to his new executive position outside the Company
The Board of Directors of Talvivaara Mining Company Plc ("Talvivaara" or the "Company") announces today that a non-executive member of the Board, Michael Rawlinson, is stepping down from his Board member position with immediate effect due to him taking up a new role as Co-Head of Mining at Barclays investment bank.
Chairman of the Board Tapani Järvinen comments: We would like to congratulate Michael for his new appointment. Unfortunately this means that he has to resign from the Board of Directors of Talvivaara. He has been very valuable asset on the Board with his extensive understanding of mining and metals industry and in particular understanding of related financing. We wish him all the best in his new role and want to thank Michael for his service to the Company.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Tapani Järvinen, Chairman of the Board
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. Talvivaara is listed on the London Stock Exchange Main Market and NASDAQ OMX Helsinki. Further information can be found at www.talvivaara.com.
Change in the composition of Talvivaara’s Board 29.11.2013
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Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire
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