Endomines and Metso Mining and Construction Technology has settled a
letter of intent about the deli
Endomines and Metso Mining and Construction Technology has settled a letter of intent about the deliveries of the process equipment and technical support for the Pampalo Mine at Karelian Gold Line
(Thomson Reuters ONE) - The press release including pictures can be downloaded from thefollowing link:Press Release PDFThe letter of intent outlines certain general principles of aproposed transaction whereby Endomines would buy from the Metsocertain products and services for the Pampalo Mine in Karelian GoldLine.In the letter of intent Endomines and Metso express their jointintention regarding the final development of the Project, which is toresult in an agreement where Metso will be contracted by theEndomines to supply the requested process equipment."With this letter of intent Endomines takes an important step towardsthe final fulfilment of the Pampalo Project at Karelian Gold Line.With the know how of Metso and earlier committed engineering companyCTS Engtech Endomines has the needed expertise, which is required forthe requested basic and final engineering support as well as theequipments supply for the establishment of the Pampalo Mine atKarelian Gold Line." says Timo Lindborg, CEO of Endomines AB.Picture: A central beneficiation plant in Pampalo should be able toprocess ore from some of Endomines's23 identified auriferous mineralisations along the Karelian GoldLine.For further information, please, contact:Timo Lindborg, Chief Executive Officerphone: +46-8-611 66 45, mobile: +358-40-50 83 507Endomines AB (public company) explores mineral deposits in Finland.The Company owns mining permits or claims over all the known golddeposits along the Karelian Gold Line, Pampalo mine among otherswherein the Company aims at starting the operation in 2010. Inaddition, Endomines has claims for more gold deposits in FinnishLapland. Besides gold, the Company focuses on industrial mineralilmenite, which seems to have stable demand growth and pricedevelopment. These ilmenite deposits exist in central Ostrobothnia.Endomines applies SveMin's and FAERI's common reporting rules forpublic mining and exploration companies. Endomines has decided toshow the mineral resources according to the internationally acceptedJORC or NI 43101 code.Endomines applies International Financial Reporting Standards (IFRS)as the reporting standards for account principles and annual accountspractice. The use of IFRS helps to compare the Company with foreignexploration and mining companies.Endomines AB is listed on the segment First North Premier under ashortened name ENDO with Penser Bankaktiebolag AB as the CertifiedAdviser and Liquidity Guarantor.Read more about Endomines's press releases onhttp://www.endomines.com/news.phphttp://hugin.info/138043/R/1327448/312738.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 07.07.2009 - 09:00 Uhr
Sprache: Deutsch
News-ID 3290
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"Endomines and Metso Mining and Construction Technology has settled a
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