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Talvivaara''s Board of Directors approved the closing of the acquisition of energy saving technology - Development of new business opportunities continues

ID: 1483742
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(Thomson Reuters ONE) -


Stock Exchange Release
Talvivaara Mining Company Plc
31 January 2017


Talvivaara''s Board of Directors approved the closing of the acquisition of
energy saving technology

Development of new business opportunities continues



Talvivaara Mining Company Plc''s ("Talvivaara" or the "Company") Board of
Directors has today approved the closing of the acquisition of the energy saving
technology. The acquisition of the energy saving technology was announced on 4
October 2016 and the closing of the agreement remained conditional on the
approval of the Company''s Board of Directors.

The Company''s strategic focus has been to establish a sustainable business or
businesses that match the expertise inherent in the Company as well as providing
the prospect of early cash flow. The new business opportunities investigated by
the Company are not limited to the mining industry, but also include projects in
the recycling and energy-saving sectors, among others. The Company has
thoroughly investigated several new business opportunities and projects, which,
if implemented, could form the Company''s new core business or a part thereof.

Closing of the Acquisition of the Energy Saving Technology

On 4 October 2016, Talvivaara signed an agreement to acquire the rights to a
technology aimed at enhancing energy efficiency in the steel industry. The core
of the technology acquired is a new measurement and adjustment system that
improves the alternating current electric arc furnace steel making process by
reducing energy consumption and stabilizing melting and heating processes.

Energy consumption is one of the largest components of operational expenditure
for electric arc furnaces used in the steel making process.  Reducing energy


costs by just a few percent can materially improve profitability for a steel
mill utilising electric arc furnaces. The Company believes that the market
potential of its technology is significant.

The object of sale consists of the rights to the system on which the technology
is based and the existing equipment utilizing the technology. The assets have
been acquired by a wholly-owned subsidiary of the Company, FATB Oy, set up for
this purpose.

The purchase price of the technology is five percent of the EBIT generated by
the technology in the future. However, the Company has the right to terminate
the EBIT based earn-out arrangement by paying a lump sum of EUR 2 million to the
seller of the technology. In addition, the Company has paid compensation for the
equipment reflecting its reasonable development and manufacturing costs of EUR
160,000.

Talvivaara has continued the development and testing of the technology and has
also hired the necessary technical staff to refine the technology and to ready
it for deployment in an industrial environment. The aim is to commercialize the
technology during the 2017.


Additional Business Opportunities

In addition to the acquired energy saving technology business, the Company has
initiated a commercialization project, based on its chemical engineering
expertise, focused on developing more efficient use of nutrients and energy
production from renewable raw materials related to livestock farming.

Rational and efficient disposal of manure from livestock farming is challenging
given geographical balance of livestock density and land availability for manure
spreading in many areas in Finland and particularly in Central Europe.
Talvivaara is studying possibilities to create processing units to enable the
economic extraction of valuable content as commercial products from manure
streams while at the same time facilitating the management of the nutrient
streams in a way that benefits the livestock farmers. The Company''s target is to
convert manure to energy fraction and high quality fertilizers and to purify the
liquid fraction to a level that allows safe discharge into the environment and
recover the nutrients as useful fertilizers.

In addition to the businesses described above, the Company is studying and
further developing a number of other opportunities of circular economy related
to metallurgy, chemical and construction industry that could meet its investment
requirements in the short term.

The Board of Directors has proposed to the Extraordinary General Meeting of
Shareholders that it would authorize the Board of Directors to decide on one or
several share issues, which in their part would facilitate the further
development of the chosen business opportunities.

While several potential opportunities have been identified it is currently too
early for the Company to take a view on the likelihood of any of these projects
being successfully realized. The Company will inform the market on the
development of its selected businesses and business opportunities in due course.



Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO



Talvivaara Mining Company Stock Exchange Release Jan 31 2017:
http://hugin.info/136227/R/2074855/780067.pdf



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Talvivaaran Kaivososakeyhtiö Oyj via GlobeNewswire






More information:
http://www.fitandfurnish.co.uk/ https://www.concurrent.com/ http://www.datawatch.com https://www.amazon.com/Gel-Pen-Set-Easy-Coloring/dp/B01IFTZOSA http://www.c7creative.com/ http://www.publicisgroupe.com http://www.realwire.com/releases/Transceptor-Tec



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Date: 01/31/2017 - 17:01
Language: English
News-ID 1483742
Character count: 2554
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Firma: Talvivaaran Kaivososakeyhtiö Oyj
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