Environmental permit granted for the Rämepuro satellite mine
ET | Source:Endomines AB
The Company’s subsidiary Endomines Oy has today received an environmental permit
decision from the Eastern Finland Regional State Administrative Agency ("AVI")
relating to the Rämepuro satellite mine mining.
The Company has preliminarily assessed the received permit and has not
identified any issues that will prevent the company from starting mining the
Rämepuro deposit and further processing at Pampalo central plant as scheduled
summer 2014. The permit grants the Company the right to commence operations
immediately regardless of potential appeal processes.
“The obtained permit and quick handling time is a further testimony that the
Company operates responsibly along Karelian Gold Line. We will commence
preparations for full scale production at Rämepuro immediately. The Rämepuro ore
will be an important supplement for the Pampalo central processing plant ore
feed during the coming years”, comments Markus Ekberg, CEO of Endomines.
Endomines submitted the environmental permit application for Rämepuro operations
in the summer of 2013.
For further information, please contact:
CEO of Endomines AB
tel. +358 40 706 48 50
or visit the Company´s home page: www.endomines.com
About Endomines AB
Endomines AB is a Nordic mining and exploration company with its first operating
gold mine in production since February 2011. The mine is located in Eastern
Finland, on Karelian Gold Line, a 40 km long gold critical belt, where Endomines
controls all currently known gold deposits.
The company’s business practices and mining operations are based on sustainable
principles and on minimizing the impact on the environment.
Endomines applies SveMin's & FinnMin's respective rules for reporting (public
mining & exploration companies). It has chosen to report mineral resources and
ore reserves according to the JORC-code, which is the internationally accepted
Australasian code for reporting ore reserves and mineral resources.
The shares of Endomines AB are quoted on NASDAQ OMX Stockholm under ticker ENDO
and on NASDAQ OMX Helsinki under ticker ENDOM. Pareto Öhman acts as Liquidity
Provider in Stockholm.
Endomines AB discloses the information provided herein pursuant to the Swedish
Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The
information was submitted for publication at 15:00 CET on May 9th, 2014.
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