Last checked at 14 Sep 2010 15:00
14 September 2010 Anglesey Mining plc LSE:AYM
Labrador Iron Receives Approval for Mine Operations
Anglesey Mining plc's 41% owned associate Labrador Iron Mines Holdings Limited is pleased to announce that it has received the Certificate of Approval for Mine Operations from the Department of Environment and Conservation of the Government of Newfoundland and Labrador for the development and operation of its Schefferville Area Iron Ore Project in Western Labrador.
The Approval covers operations for open-pit mining at James North, James South, Redmond 2B and Redmond 5 deposits; a beneficiation facility; ore, waste rock and overburden stockpiles; settling ponds; access roads; worker's camp and other associated works.
Interim Rail Operating Permit
LIM has also been notified by the Department of Transportation and Works of the Government of Newfoundland and Labrador that it has agreed to issue an Interim Operating Permit under the Rail Service Act for LIM's recently installed Rail Spur Line, which will facilitate rail transportation of goods and material directly to LIM's Silver Yard site for mine and plant construction.
"Receipt of these two remaining operating permits marks the completion of the Environmental Assessment and Permitting Process for our Schefferville Area Iron Ore Project in Western Labrador," remarked John Kearney Chairman and Chief Executive. "Mobilization and construction are now well underway and we hope to complete construction of the plant and mine preparation prior to year end 2010," added Mr. Kearney.
About Labrador Iron Mines Holdings Limited (LIM)
LIM's Schefferville Area project involves the development of twenty direct shipping iron ore deposits in western Labrador and north-eastern Quebec near Schefferville, Quebec. LIM's properties are part of the historic Schefferville area iron ore district where mining of adjacent deposits was previously carried out by the Iron Ore Company of Canada from 1954 to 1982.
Labrador Iron Mines contemplates mining in four stages, the first phase of Stage 1 comprising the James and Redmond deposits, which are located in close proximity to existing infrastructure, and for which construction and operating permits have now been issued.
About Anglesey Mining plc
Anglesey Mining with its LSE main board listing is primarily focused on its 41% interest in LIM. In addition to any new projects that may be brought forward the company owns 100% of Parys Mountain in North Wales with an historical resource in excess of 7 million tonnes at over 9% combined copper, lead and zinc.
For further information, please view LIM's website at www.labradorironmines.ca or contact:
Bill Hooley, Chief Executive +44 (0) 1492 541981 Ian Cuthbertson, Finance Director +44 (0) 1248 361333 Emily Fenton/Charlie Geller,
Conduit PR +44 (0) 20 7429 6608 / +44 (0) 7788 554035
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