BONIFAZ GOLD PLC develops raw materials with a total value of roughly USD$ 10 billion
(firmenpresse) - BONIFAZ GOLD PLC develops raw materials with a total value of roughly USD$ 10 billion
Since 10 October 2011, the shares of Bonifaz Gold PLC (BOG.F – WKN: A1H5HC) are listed on the Frankfurt stock exchange. Bonifaz Gold’s primary objective is to maximize long-term and short-term shareholder value. The company develops 44 rich mineral sites in Bolivia. These properties boast reserves with a total value of almost USD$ 10 billion (€ 7 billion).
Bonifaz Gold holds 15 properties with metallic deposits, including gold, silver, copper, antimony and molybdenum. The company focuses on the development of its gold reserves, which are currently estimated to amount to over 6 million ounces. The sites Caballo Blanco and Isabel are particularly important and have considerable potential. Caballo Blanco operates two mining shafts and from those alone estimated reserves of at least 547,000 ounces of gold can be produced. Tested samples contained 318.8 grams of gold per ton. Regarding Isabel, estimations for gold reserves come to roughly 2 million ounces, which can be produced by way of low-cost open-cast mining. Bonifaz Gold reckons that at this site, considerable further gold mineralization may be contained in deeper layers.
In the non-metallic segment, Bonifaz Gold is mining the largest known deposit of sodium sulfate in South America. Consequently, Bonifaz Gold is the leading supplier of sodium sulfate to Unilever Bolivia. With an annual sodium sulfate production of 100,000 tons, Bonifaz Gold is aiming to conquer 10% of the South American market. At present, market value for 10.7 million tons of sodium sulfate amounts to around USD$ 500 million. In addition, the bentonite reserves owned by Bonifaz Gold are also among the largest in South America. Furthermore, Bonifaz Gold holds barium sulfate deposits that will last 15 years at constant production levels.
The business model is supported by a management with long years of experience in the mining business. CEO Oscar Antonio Bonifaz Paz looks back on roughly 30 years of employment in the mining sector and has already rendered services as a consultant for the World Bank. In addition, he is a former city councilor and mayor of La Paz. Oscar Bonifaz Gutierrez, chairman of the board of directors, held the offices of economics minister, trade minister and finance minister of Bolivia and was president of the state-owned mining corporation COMIBOL.
About Bonifaz Gold:
BONIFAZ GOLD PLC (BG) is a British mining company with metallic and non-metallic operations and mineral deposits throughout Bolivia, South America. BG was formed by the synergetic association of two subsidiary companies: MINERA VICENTE BERNEDO S.A. (MVB), a metallic minerals mining company with gold, silver, copper, molybdenum and antimony deposits held throughout Bolivia, and MINERALES INDUSTRIALES S.R.L. (MI), a non-metallic minerals mining company with solid experience in producing and exporting non-metallic minerals such as sodium sulfate, barite and bentonite to several countries in South America.
The Bonifaz Gold group has been operating since 1992. With low gold prices between 1995 and 2010, Bonifaz focused its knowledge, experience and resources on acquiring and accumulating some of the richest gold and non-metallic ore reserves in South America. The BG group currently has 44 mines in Bolivia, covering 10,670 hectares (26,366 acres) and representing approximately USD$ 10 billion of proved and probable reserves.
Further information can be found on the Bonifaz Gold website under: www.BonifazGold.com
Contact: ir(at)BonifazGold.com
IR Contact Germany:
Connecting Markets GmbH
Phone: +49 (0) 40 7166 4761
Registered office in England & Wales Bonifaz Gold PLC 88 Wood Street, 10th Floor London EC2V 7RS, United Kingdom U.K. Company No. 07432940
Disclaimer:
This press release contains forward-looking statements based on beliefs of BONIFAZ GOLD PLC management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Bonifaz Gold as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Bonifaz Gold disclaims any intention or obligation to update these forward-looking statements.
The data on proved and probable reserves of minerals have been calculated and inferred based on multiple geological and metallurgical studies carried out by independent geologists and mining professinals and may not necessarily coincide with various classes of mineral resources as defined by the Canadian Institute of Mining (CIM).
Leseranfragen:
Bonifaz Gold PLC
88 Wood Street, 10th Floor
London EC2V 7RS, United Kingdom
Investor Relations:
E-Mail: info(at)BonifazGold.com
IR-KontaKt Deutschland:
Connecting Markets Gmbh
Telefon: 49 0 40 7166 4761
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Datum: 20.10.2011 - 09:14 Uhr
Sprache: Deutsch
News-ID 78270
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