Endomines completes construction of Pampalo Gold Mine: test runs started
(Thomson Reuters ONE) -
The press release can be downloaded from the following link:
Press Release (PDF)
Endomines AB announces the completion of the Pampalo Gold Mine construction on
schedule. The new power line was commissioned Tuesday 16(th) November, with test
runs commencing immediately thereafter.
The final remaining critical elements - a 48 km long power line, switchyards and
transformer stations, were inspected on 16(th) November and accepted for use by
relevant authorities The power line construction works were completed 1.5 month
before the agreed date and two weeks before the company internal schedule.
The processing plant installation works were technically completed as scheduled
on 1(st) November, and the plant has been available for minor test runs since
then.
"I'm very pleased with the dedication and commitment to this project shown by
our own staff as well as our contractor's workforce. The Pampalo Gold Mine
processing plant has now been commissioned on time and as per the original
schedule. With the completion of the new power line, we have sufficient power
on-site, enabling efficient test runs of the plant equipment and crushers.
Although we decided to upgrade certain critical areas during the construction
period, such as crushers and the plant laboratory, the overall cost of the
Pampalo project is still in line with the budget.
We are currently testing the complete processing plant with water and further,
with waste rock and ore. We shall finalize these tests before the year-end so
that commercial production can be started during Q1/2011 as per our previous
announcements", comments Markus Ekberg, CEO of Endomines
For further information:
Markus Ekberg, CEO of Endomines AB, cell phone: +358 40 706 48 50
About Endomines
During 2009-2010 Endomines has taken several important steps 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 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 JORC or NI 43-101-code, which are
internationally accepted. Endomines applies International Financial Reporting
Standards (IFRS) as approved by the European Union.
The shares of Endomines AB are quoted on the First North Premier segment in
Stockholm under ticker ENDO.ST. Erik Penser Bankaktiebolag acts as Certified
Adviser and Liquidity Provider.
Read more about Endomines on www.endomines.com
[HUG#1463205]
Press Release PDF :
http://hugin.info/138043/R/1463205/402112.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Endomines AB via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 17.11.2010 - 09:07 Uhr
Sprache: Deutsch
News-ID 48852
Anzahl Zeichen: 3912
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 266 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Endomines completes construction of Pampalo Gold Mine: test runs started"
steht unter der journalistisch-redaktionellen Verantwortung von
Endomines AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
