Approval to process ore from third parties
9 may 2017, when the Company published Marknadsuppdateringen from Nordic Mines, the Company received a written confirmation that it will receive a permit to process ore and concentrate from third parties for up to 18 percent of the plant’s capacity for high-quality ore (a small part of the capacity of the lakningskretsen). This is the subject of control to the composition of the waste and residue from the operation does not change in any significant way compared with Laivas usual emissions, and ore residues. In addition, this approval is conditional upon the Nordic Mines leave an analysis of the ore and the concentrate to be processed for approval at least four months prior to the planned processing of such ore, and such concentrates.
The state is the subject of a klagomålsperiod in 30 days.
This confirms the company’s view that the management of all external materials would mean data processing, analysis, läcktester m.m. and thus constitute an appreciable burden on the company. The environmental authorities can decide themselves to the new övervakningsparametrar depending on the quality of the external material.
He notes the Company that
there are few potential assignments within a short enough distance from Laiva, which means that the material from the third party would be able to clear customs economically in Laiva,
Nordic Mines does not currently have any deals on material delivery to the plant, and
the plant can not be operated economically with the delivery of the material from a third party that represents only 18 percent of the plant’s capacity for high-quality ore, and would thus be dependent on ore from the laiva mine.
For further information, please contact:
D. Saradhi Rajan, ceo: Tel.: +44 743 271 1564
Ole Eikeland: Tel.: +47 900 60 666
More information about Nordic Mines is available on the website: www.nordicmines.com.
This information is such that Nordic Mines AB (publ) shall publish in accordance with the EU marknadsmissbruksförordning. The information was submitted for publication at 16.30 CET on 11 may 2017 via contact PR-agency in accordance with the above.
Nordic Mines is a nordic mining and exploration companies. The laiva mine in Finland, produced gold during the years 2011 to 2014. The deposit is one of the largest in the Nordic region. Nordic Mines is a member of SveMin and applying its reporting rules for public mining and exploration companies. The Nordic Mines share is traded on Nasdaq Stockholm Small Cap list. See also: www.nordicmines.com
Nordic Mines – press Release 11 may 2017