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First metal production at the Talvivaara mine
Appointment of Joint Broker
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") focused its activities during the reporting period on the construction and commissioning of the Talvivaara nickel mine in Sotkamo, Finland. The project progressed according to plan both as regards its timetable and budget.
First nickel and zinc sulphides were produced at Talvivaara on 1 October 2008, as planned
Operational materials handling and bioheapleaching processes started on schedule in July
Talvivaara successfully recruited 38 employees during the reporting period bringing the total number of employees to 229 on 1 October; a sufficient workforce is now in place for the first months of production
Safety at the mine site remained good throughout the period - 22 lost time injuries in 2008; 28 in total during the project
Initial drawdown of USD 165 million of the USD 320 million project loan took place on 3 September