DGAP-News: Pearl Gold AG: Malian President officially inaugurates the Kodieran Gold Mine in Mali
(firmenpresse) - DGAP-News: Pearl Gold AG / Key word(s): Miscellaneous
Pearl Gold AG: Malian President officially inaugurates the Kodieran
Gold Mine in Mali
27.02.2012 / 16:36
---------------------------------------------------------------------
Malian President officially inaugurates the Kodieran Gold Mine in Mali
Pearl Gold AG and more than 3,000 guests celebrate production start
Casting of the first gold bullion by President Amadou Toumani TouréAliou Boubacar Diallo, Chairman of the operating mining company,
becomes Officer of the National Order of Merit of the Republic of Mali
Frankfurt, 27 February 2012 - Last Saturday, Pearl Gold AG (02:GR)
celebrated the official opening of its first investment project, the
Kodieran gold mine in Mali. The gold mine is operated by Wassoul'Or S.A.,
in which Pearl Gold holds a 25-percent stake. The inauguration ceremony was
officiated by the Malian President Amadou Toumani Touréand Wassoul'Or's
Chairman and Vice-President of Pearl Gold's supervisory board, Aliou
Boubacar Diallo. More than 3,000 people, among them ministers of the Malian
state, local community leaders, management members of Wassoul'Or and Pearl
Gold as well as further national and international guests, attended the
event southeast of Bamako.
In his speech, President Tourécongratulated Wassoul'Or to its successful
creation of the first Malian operated gold mining plant. He thanked Mr.
Diallo for his contribution to the Malian mining industry and his
commitment to the local community by appointing him Officer of the National
Order of Merit of the Republic of Mali. Malian Mining Minister Amadou Cisséhighlighted the role of the gold mining sector for Mali and the importance
of national mining companies for the country's development.
Apart from a tour of the mining site and inspection of the production
plant, the casting of the first gold bullion by President Touréwas a
special highlight of the event. With this presidential gold bullion
casting, production at Kodieran can now officially commence.
Aliou Boubacar Diallo thanked the Malian government, his family, Pearl
Gold's management and shareholders and all the others, who have been
involved in establishing the now working gold mine, for their support.
'Today our joint effort has paid off - we are doing the first step by
starting our production in only one part of the concession that is known as
Kodiéran. We are certain that the gold we will produce here will allow us
to go further and also bring the other 4 areas of our concession quickly
into production.'
Kodieran gold mine is designed as an open pit that allows a low-cost
production and has a daily production capacity of 11,000 tons raw material
which will lead to an average output of around 630 ounces of gold per day.
Pearl Gold considers a doubling of the production capacity in at least two
years as realistic. Overall, the gold deposit in Kodieran is expected to
contain at least 1.75 million ounces of recoverable gold. The commencing
operation in Kodieran is only one of five potential mining sites in
Wassoul'Or's concession.
About Pearl Gold AG
Pearl Gold AG is a holding company listed on the Open Market of the German
Stock Exchange, based in Frankfurt. The company focuses on investments in
West African exploration and mining corporations, especially in the field
of gold and other noble metals. The first investment of Pearl Gold is the
Malian mining company Wassoul'Or, in which Pearl Gold holds 25% of shares.
Wassoul'Or concentrates on the exploration and production of gold and runs
the Kodieran gold mine in the South of Mali. For further information visit
www.pearlgoldag.com
For Inquiries:
MSL Financial
Steffi Fahjen
Email: steffi.fahjen(at)mslgroup.com
Tel: +49 (0) 69 6612456 8394
End of Corporate News
---------------------------------------------------------------------
27.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
158231 27.02.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Hillcrest Announces Update on Private Placement of Units
Datum: 27.02.2012 - 16:36 Uhr
Sprache: Deutsch
News-ID 118927
Anzahl Zeichen: 5156
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 342 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Pearl Gold AG: Malian President officially inaugurates the Kodieran Gold Mine in Mali"
steht unter der journalistisch-redaktionellen Verantwortung von
Pearl Gold AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
