Key facts

• 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.