Last checked at 25 Oct 2017 07:00
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
25 October 2017
Hummingbird Resources plc ("Hummingbird" or "the Company")
Power Plant Fully Commissioned at Yanfolila
Hummingbird Resources (AIM: HUM) is pleased to announce that Aggreko PLC ("Aggreko") has fully commissioned the 7.4 MW diesel power facility on site to provide power to the process plant at the Company's Yanfolila Gold Mine in Mali ("Yanfolila" or "the Project").
Highlights:
· 7.4MW facility of installed diesel power at Yanfolila
· Complete turnkey solution on a seven-year contract
· Full Aggreko operations and maintenance team on site
· Generators are the most efficient in their class
· Modular set up further maximises efficiency
Dan Betts, CEO of Hummingbird, commented:
"Working with Aggreko to deliver our power remains in line with our strategy of working with world class partners as we progress Yanfolila towards imminent gold production. Aggreko offers the best quality power solution in the market at competitive pricing with a full team on site to run and maintain its operations.
"Furthermore, we continue to evaluate potential renewable solutions such as solar PV, as we strive to be a responsible miner operating for the benefit of all our stakeholders.
"We expect the next upcoming milestone to be the commissioning of the water supply and testing the now fully installed mill."
James Shepherd, Managing Director, Africa of Aggreko, commented:
"Our people in Yanfolila and the wider Aggreko team is dedicated to supporting Hummingbird towards the success of this project.
"Getting reliable, efficient and cost-effective power supply is critical when it comes to mining operations. Aggreko's technologies provide a scalable and efficient power that can accommodate any change of needs and resources available."
Please click on the following link to see recent pictures and videos of construction: http://hummingbirdresources.co.uk/gallery/.
Further Information:
Aggreko has now fully commissioned a 7.4MW facility of installed power at Yanfolila through a series of 1MW units. Aggreko generators are the most efficient generator in their class and the modular nature of the plant offers greater flexibility and efficiencies. A full SCADA and PLC automation system links directly into the process plant for seamless delivery of power. Aggreko is offering a complete turnkey solution on a seven-year contract. There will be a full Aggreko operations and maintenance team on site for the duration of the contract.
About Aggreko
Around the world, people, businesses and countries are striving for a better future - a future that needs power and the right conditions to succeed.
Aggreko works round the clock, making sure everyone gets the electricity, heating and cooling they need, whenever they need it - all powered by our class-leading equipment, trademark passion, unrivalled international experience and local knowledge. From urban development to unique commercial projects and even humanitarian emergencies, we bring our expertise and equipment to any location, from the world's busiest cities to some of the most remote places on earth.
That's what has made us the world's leading provider of modular, mobile power and heating and cooling. We've been in business since 1962. We have more than 7,300 employees, operating from more than 200 locations in 100 countries. With revenues of approximately GBP 1.6bn (USD 2.6bn or Euros 2bn) in 2016, we are listed on the London Stock Exchange (AGK.L) and have our headquarters in Scotland.
Our business helps transform the lives and livelihoods of individuals, organisations and communities across the globe, in both developed and developing countries and markets. We operate across all sectors, including oil and gas, petrochemical and refining, utilities, manufacturing, construction, mining and events.
We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland and work with leading innovators to ensure our equipment offers maximum fuel flexibility, by using gas, diesel (including HFO) and renewable fuel sources.
For more information, please visit our local website at: aggreko.com
**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts Thomas Hill Robert Monro | Hummingbird Resources plc | Tel: +44 (0)20 3416 3560 |
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James Spinney Ritchie Balmer James Bellman | Strand Hanson Limited Nominated & Financial Adviser | Tel: +44 (0) 20 7409 3494
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Jon Belliss | Beaufort Securities Limited Broker | Tel: +44 (0) 20 7382 8300 |
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Lottie Wadham Susie Geliher | St Brides Partners Ltd Financial PR/IR | Tel: +44 (0) 20 7236 1177 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
About Hummingbird Resources Plc
Notes to Editors
Hummingbird Resources (AIM: HUM) is building a leading gold production, development and exploration company. The Company has two core gold projects, the near-term production Yanfolila Gold Project in Mali and the Dugbe Gold Project in Liberia. It is currently building Yanfolila targeting first production by end of 2017, which has a Probable Reserve of 709,800oz @ 3.14g/t and total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential. The high-grade gold project has low operating costs of US$695/oz AISC with 132,000oz of first full year's production.