Chaarat Gold Holdings Ltd Fatal Incident at Kapan Mine
RNS Number : 3311R
Chaarat Gold Holdings Ltd
05 March 2021
5 March 2021
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Fatal Incident at Kapan Mine
Chaarat Gold (AIM: CGH) regrets to report the loss of life to an
employee of its mining contracting company yesterday, 4(th) March
2021. The incident occurred while assessing a blocked ore chute in
a part of the Kapan mining operation.
Mining operations were temporarily halted during the recovery
operation and while the initial investigation by the authorities
was carried out. Normal operation has since resumed with the
exception of the specific area of the incident.
An internal investigation has started, and Chaarat will be
working with the contractor and local authorities to facilitate
their formal investigation of this incident.
Immediate steps have been taken related to safety at the site,
and the learnings from this tragic event will be used to further
develop and improve the safety culture and performance at Kapan,
and all areas of Chaarat.
Artem Volynets, Chief Executive Officer of Chaarat, said:
"We truly regret this tragic loss of life, and we offer our
sincere condolences to the family of the deceased. The safety of
everyone that works at our operations is a core value for Chaarat.
We are working through an internal and external investigation and
will identify further measures to try and prevent such incidents
from recurring, and we will continue to implement new initiatives
to further protect the health and safety of our employees,
contractors and visitors."
+44 (0)20 7499
Chaarat Gold Holdings Limited 2612
Artem Volynets (CEO) firstname.lastname@example.org
Canaccord Genuity Limited (NOMAD and + 44 (0)20 7523
Joint Broker) 8000
+44 (0)20 7220
finnCap Limited (Joint Broker) 0500
Panmure Gordon (UK) Limited (Joint +44 (0)20 7886
Chaarat is a gold mining company which owns the Kapan operating
mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in
the Kyrgyz Republic. The Company has a clear strategy to build a
leading emerging markets gold company with an initial focus on the
FSU through organic growth and selective M&A.
Chaarat is engaged in active community engagement programmes to
optimise the value of the Chaarat investment proposition.
Chaarat aims to create value for its shareholders, employees and
communities from its high-quality gold and mineral deposits by
building relationships based on trust and operating to the best
environmental, social and employment standards. Further information
is available at www.chaarat.com/ .
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(END) Dow Jones Newswires
March 05, 2021 04:50 ET (09:50 GMT)