Fine for tailings dam leak
29 December 2011 - 9:44PM
UK Regulatory
TIDMHMB
Hambledon Mining Plc
("Hambledon" or "the Company")
Fines for tailings dam leak
Hambledon Mining plc (AIM: HMB), the Kazakhstan gold mining and
development company announces preliminary information received
regarding a fine for an administrative offence arising from
environmental damage caused by a rupture to the liner in tailings
dam No. 3, as previously announced on 2 November 2011.
The Company has received a letter from the appointed court
investigator imposing a fine amounting to approximately tenge 272
million (approximately GBP1.17 million). The Company is appealing
against the level of the fine and is confident that it will be
reduced. No specific time period for payment of the fine was made
within the letter from the appointed court investigator. The total
amount of the fine will be expensed in Hambledon's accounts for the
year ended 31 December 2011.
A court hearing on 26 December 2011 was adjourned and is
expected to be held on or about 5 January 2012 Further updates will
be made to shareholders as soon as possible when new information
becomes available.
Enquiries;
HAMBLEDON MINING:
Telephone +44 (0)207 233 1462Charles Zorab
FAIRFAX I.S. PLC (NOMAD AND BROKER):
Telephone +44 (0)207 598 5368Ewan Leggat/Katy Birkin
TAVISTOCK COMMUNICATIONS:
Telephone +44 (0)207 920 3150Ed Portman/Jos Simson
Altyngold (LSE:ALTN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Altyngold (LSE:ALTN)
Historical Stock Chart
From Jul 2023 to Jul 2024