Pampalo Gold Mine will not use cyanide in its gold concentrating process
(Thomson Reuters ONE) -
The press release can be downloaded from the following link:
Press Release (PDF)
On May 5th, 2010, the European Union Parliament approved a resolution which
calls on the Commission to initiate a complete ban on the use of cyanide mining
technologies in the European Union by the end of 2011.
Endomines would like to point out that the company has no plans to use cyanide
in the Pampalo Gold Mine production process Pampalo gold is "free milling
gold", ie. the gold exists as native gold particles and can be separated in the
concentrating process by use of conventional gravimetric and flotation
techniques. The Pampalo Gold Mine environmental permit is based on cyanide free
processing methods.
Endomines will proceed with the construction of the mine and processing plant,
and remains on schedule, with a targeted test production to commence in Q4/2010,
and full-scale commercial production, in Q1/2011.
However, Endomines would also like to point out that the resolution was based on
erroneous information about the usage of cyanide in the mining industry. Cyanide
usage in the Nordic countries is controlled by strict environmental regulations
and does not threaten the nature. The proposed ban, however, would threaten gold
exploration and properly working gold mines in Nordic countries and will have
large negative economical impacts if implemented.
For further information, please contact:
Markus Ekberg
CEO of Endomines AB
tel. +358 40 706 48 50
During 2009 Endomines has taken several important steps to develop the business
from exploration to full-scale gold production. By the end of 2010, the company
will commence production at the Pampalo Gold Mine, with a projected output of
900-1,000 kg of gold per annum. Other deposits along the Karelian Gold Line will
be exploited subsequently. Endomines has additional claims and mining
concessions in Finnish Lappland (gold, Ostrobothnia (ilmenite) and Southern
Finland (limestone/wollastonite).
Endomines applies SveMin's & FinnMin's respective rules for reporting (public
mining & exploration companies). Endomines has chosen to report mineral
resources and ore reserves according to the internationally accepted JORC or NI
43-101-code. Endomines applies International Financial Reporting Standards
(IFRS) as approved by the European Union.
The shares of Endomines AB are quoted on First North Premier segment in
Stockholm under ticker symbol ENDO.ST. Erik Penser Bankaktiebolag acts as
Certified Adviser and Liquidity Provider.
Read more about Endomines onwww.endomines.com
[HUG#1419800]
Press Release (PDF): http://hugin.info/138043/R/1419800/369691.pdf
Unternehmensinformation / Kurzprofil:
Datum: 28.05.2010 - 16:01 Uhr
Sprache: Deutsch
News-ID 21656
Anzahl Zeichen: 0
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Pampalo Gold Mine will not use cyanide in its gold concentrating process"
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Endomines AB (Nachricht senden)
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