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Share Name Share Symbol Market Type Share ISIN Share Description
Central Asia Metals Plc LSE:CAML London Ordinary Share GB00B67KBV28 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.20 -1.87% 168.00 166.60 172.40 174.60 164.20 174.60 348,217 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 129.5 51.1 22.2 7.4 297

Central Asia Metals PLC Update regarding Sasa Tailings Storage Facility 4

17/09/2020 7:00am

UK Regulatory (RNS & others)


Central Asia Metals (LSE:CAML)
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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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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September 17, 2020 02:00 ET (06:00 GMT)

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