Talvivaara Mining Company Plc ("Talvivaara" or the "Company") has today on 3 April 2012 been verbally conversant by the Northern Finland Regional State Administrative Agency that the Company's ecological Permit for uranium extraction ("Uranium Permit") and the common update of Talvivaara mine's Environmental Permit are to be processed together.
According to the Northern Finland Regional State Administrative Agency the hearing time for the common update of the mine's ecological Permit is anticipated to start in the beginning of May. Another hearing time for the Uranium Permit will begin concurrently. All statements and opinions submitted for the period of the first hearing time will remain valid.
As there will be a second hearing time for the Uranium Permit and it will be processed together with the common update of the mine's Environmental Permit, the Company expects a minor delay in the uranium permitting process. While the Company has before announced that it expects the decision on the Uranium Permit during Q2 2012, the permitting establishment has now informed Talvivaara that a decision on the Uranium Permit will be complete during 2012. Talvivaara aims to start uranium recovery in 2012, as soon as all the essential permits have been obtained.
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