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Talvivaara Mining Company
Type Public (LSE: TALV, OMXTLV1V)
Founded 2004
Headquarters Espoo, Finland
Key people Edward Haslam, Chairman
Pekka Perä, CEO
Industry Mining
Operating income (4.3) million (2008)
Net income 5.8 million (2008)

Talvivaara Mining Company plc (Finnish: Talvivaaran Kaivososakeyhtiö Oyj, LSE: TALV, OMXTLV1V) is an Finnish-based nickel mining business operating in Finland. Listed on the London and Helsinki Stock Exchanges, the company is a constituent of the FTSE 250 and a former member of the OMXH25 index.



The company was established in 2004 when it acquired the rights to mine sites at Sotkamo in Eastern Finland from Outokumpu. In 2006 a metals recovery trial was completed and the necessary financing was secured.[1] The appropriate permits to commence mining were obtained in 2007 and metals production is started late in 2008.[2] In 2010 the company announced the commencement of uranium production as a by-product from its normal mining operations in Sotkamo. The uranium produced will be in the form of Yellowcake with an estimated annual production of approximately 350 tons. At a Yellowcake price of $40/lb the uranium production could resulting in an additional €20m annual revenue line with capital investment costs of €30m and estimated annual production cots of €2m[3]. The resulting uranium production is estimated to meet 80% of Finland's annual uranium demand, although reprocessing and enrichment would be required to be conducted abroad, and would effectively double the production of uranium in the EU [4].


Norilsk Nickel, the world's leading producer of nickel, has made a 10-year contract with Talvivaara Mining Company to purchase the latter's entire output of the nickel and cobalt production at market prices.[5]


The company's activities are concentrated in Sotkamo. It operates the following mines:

  • Kuusilampi
  • Kolmisoppi


External links



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