Solidium Oy has signed today an agreement with Outokumpu Mining Oy, a subsidiary of Outokumpu Oyj, to acquire the entire shareholding of Outokumpu Mining in Talvivaara Mining Company Plc, in aggregate 10 522 366 shares in Talvivaara. The shares represent 4.3 per cent of all Talvivaara shares currently outstanding. The purchase price of the shares is EUR 60 million.

“We have been screening Talvivaara for a long time. In our view Talvivaara is a good investment in the long term and it fits well in Solidium’s portfolio. We believe that the Finnish mining cluster will develop positively in the future, and that Finland can seize the opportunity to become the leading mining country in Europe. We already have interests in the mining cluster through our holdings in Outokumpu and Metso, and, by investing in Talvivaara, we further strengthen our insight into mining industry and related industries”, says Solidium’s Managing Director Kari Järvinen.

Talvivaara is an internationally significant base metals producer with its primary focus on nickel and zinc using a technology known as bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction of metals from low grade ore economically viable. The Talvivaara deposits comprise one of the largest known sulphide nickel resources in Europe. The ore body is estimated to support anticipated production for several decades. Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE 250 Index. Further information can be found at

Further information: Managing Director Kari Järvinen, Solidium Oy, tel. +358 (0)10 830 89 05



Solidium is a limited company wholly owned by the State of Finland. Its mission is to strengthen and stabilise Finnish ownership in nationally important companies and increase the value of its holdings in the long run. Investment activities are based on financial analysis. The core of Solidium’s investment strategy is proper, value enhancing asset management of the current holdings. Through its stakes, Solidium is a minority owner in eleven listed companies: Elisa, Kemira, Metso, Outokumpu, Rautaruukki, Sampo, Sponda, Stora Enso, Talvivaara, TeliaSonera and Tieto. The market value of Solidium’s investments is approximately EUR 8.8 billion at the date of this press release. Further information: