Hambledon Mining PLC
01 May 2008
HAMBLEDON MINING PLC
(AIM: HMB)
Sekisovskoye Fully Operational
Hambledon Mining plc ('Hambledon' or the 'Group' or the 'Company'), the
AIM-listed gold mining and processing company operating in Kazakhstan, is
pleased to report that Sekisovskoye is now producing gold.
Since the resumption of operations last week, 26.7 kilogrammes of dore have been
poured at Sekisovskoye. Following assaying, the dore, together with about 6
kilogrammes that had been poured previously, will be shipped to Almaty and from
there to Europe for refining and sale.
Following an inspection of the mine and process plant by a government committee
comprised of the various environmental, safety, design and other departments
involved, official approval of completion has been granted. This means that the
formal commissioning period is now over and regular production has commenced.
Nick Bridgen, Chief Executive of Hambledon, said:
'I would like to thank the team at Sekisovskoye for having done a magnificent
job in getting the plant back up and running and approved by the authorities.'
1 May 2008
Enquiries
Hambledon Mining plc Telephone: +44 7791 327 180
Nick Bridgen
Bankside Consultants Telephone: +44 20 7367 8888
Michael Padley / Louise Davis
Seymour Pierce Telephone: +44 20 7107 8000
Nicola Marrin
Note to editors
Hambledon Mining plc is an AIM-listed gold mining and exploration company, which
is operating the Sekisovskoye gold mine and the Ognevka processing plant, both
of which are close to Ust Kamenogorsk in East Kazakhstan.
At Sekisovskoye, the Company is mining from an open pit and has constructed an
850,000 tonnes per year treatment plant. Production from the open pit will
average over 40,000 ounces per annum. As soon as steady production has been
achieved, the Company plans to develop the much larger underground resource that
is expected to lead to a combined production rate of around 100,000 ounces per
year.
The Ognevka processing plant is producing concentrates containing gold, silver,
copper, iron and coke from the re-treatment of zinc smelter residues.
This information is provided by RNS
The company news service from the London Stock Exchange