Central Asia Metals PLC Update regarding Sasa Tailings Storage Facility 4 (2352Z)
September 17 2020 - 2:00AM
UK Regulatory
TIDMCAML
RNS Number : 2352Z
Central Asia Metals PLC
17 September 2020
17 September 2020
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Update regarding Sasa's Tailings Storage Facility 4 ('TSF4')
Central Asia Metals plc (AIM: CAML) today announces an update
following the 14 September 2020 leakage at its Sasa TSF4.
Following approval from the North Macedonian environmental
authorities, the Sasa mine and processing plant will now recommence
operations. This has been possible due to the identification of an
area of storage capacity in the previous tailings facility, TSF3.2.
The authorities have agreed to the placement of tailings generated
for up to 10 days being stored in TSF3.2.
It is currently anticipated that TSF4 could be repaired and
secured within approximately one to two weeks and initial remedial
works are underway. In addition, the Company is working closely
with the authorities to ensure that any environmental damage is
addressed as soon as possible.
The exact cause of the incident is not yet confirmed, and the
investigation is still underway comprising CAML's Chief Operating
Officer and Sustainability Director, the Sasa team, national
experts and the North Macedonian authorities. The Company has also
retained the services of global consultants, Knight Piésold
Limited.
In addition to the structural dam repairs that are underway, the
causes of the incident must be fully understood in order to
implement any necessary engineering solutions for the future ahead
of the facility reopening.
Further updates will be provided in due course.
For further information contact:
Central Asia Metals Tel: +44 (0) 20 7898 9001
Nigel Robinson, CEO
Gavin Ferrar, CFO
Louise Wrathall, Director of Corporate louise.wrathall@centralasiametals.com
Relations
Peel Hunt (Nominated Advisor and Tel: +44 (0) 20 7418 8900
Joint Broker)
Ross Allister
David McKeown
BMO Capital Markets (Joint Broker) Tel: +44 (0) 20 7236 1010
Thomas Rider
Neil Elliot
Blytheweigh (PR Advisors) Tel: +44 (0) 20 7138 3204
Tim Blythe
Megan Ray
Rachael Brooks
Note to editors:
Central Asia Metals, an AIM-listed UK company based in London,
owns 100% of the Kounrad SX-EW copper project in central Kazakhstan
and 100% of the Sasa zinc-lead mine in North Macedonia.
For further information, please visit: www.centralasiametals.com
and https://twitter.com/CamlMetals
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