Mindoro's Philippines Subsidiary Wins Key Environmental and Safety Awards
27 November 2012 - 11:00PM
Marketwired
Mindoro Resources Ltd. (TSX VENTURE:MIO) (ASX:MDO) (FRANKFURT:WKN
906167) is pleased to announce that its Philippine operating
subsidiary, MRL Nickel Philippines Inc. (formerly named MRL Gold
Philippines Inc., "MRL Nickel") has won all three major awards in
the Philippine National Mine Safety and Environmental competitions
- Mineral Exploration Category - presented at the 59th Annual
National Mine Safety and Environment Conference held in Baguio on
November 16, 2012:
The awards are:
1. The 2012 Presidential Mineral Industry Environmental Award (PMIEA) -
Mineral Exploration Category, Surigao Projects. This is the highest
performance award in the combined fields of Health, Safety, Environment
and Community Relations programs (HSEC).
2. The 2012 Best Mining Forest Contest - Surigao Projects. This award
recognizes the company's efforts in reforestation and rehabilitation
specifically its adopt-a-river project, water source protection program,
the newly established eco-farm, drill site rehabilitation, and other
tree planting activities that were conducted.
3. The 2012 Safest Exploration Award - Category B, Surigao Projects.
Demonstrating strict adherence to environmental, health and safety
standards during exploration activities.
The Awards are administered by the PMIEA Selection Committee,
where the key government departments are represented including the
Department of Environment and Natural Resources (DENR), Mines and
Geosciences Bureau (MGB) and the Forest Management Bureau.
Mindoro President and CEO Jon Dugdale said, "we are very proud
of the performance of the on-the-ground team in the Philippines,
particularly in the areas of community relations, environmental
sustainability and safety". "The team will remain involved in the
joint venture projects being operated by TVI Pacific subsidiary
TVIRD, and will continue to maintain these very high environmental
and safety standards as the Agata project progresses towards
production".
The initial planning meetings have been held for the joint
venture projects being operated by TVIRD at Agata and Pan de
Azucar, and development planning is progressing rapidly on several
fronts. Progress will be reported in the near future.
On behalf of the Board of Directors
Jon Dugdale, President and CEO
About Mindoro
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange
(MIO), Australian Securities Exchange (MDO) and Frankfurt Stock
Exchange (WKN 906167). Mindoro has a 75% interest in the Agata
Nickel Project, Mindanao and the Pan de Azucar Sulphur-Copper-Gold
project, Iloilo, both of which are the subject of option and joint
venture agreements with TVI Pacific Inc. (release 27 September
2012). Mindoro also holds a 55.8% stake in ASX listed Red Mountain
Mining (ASX:RMX) that has a 100% direct and indirect interest in
the Batangas gold and copper-gold projects, and a 75% direct and
indirect interest in the Tapian San Francisco copper-gold
project.
Mindoro's exploration programs are prepared and/or designed and
carried out under the supervision of Tony Climie, P.Geo., who is a
qualified person as defined by National Instrument 43-101 and is a
competent person as defined by the JORC Code, and who has reviewed
and verified the pertinent disclosure of exploration related
technical information contained in this news release.
This release may contain forward-looking statements including
management's assessments of future plans and operations, and
expectations of future production. These statements are based on
current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not
limited to, the risks associated with the mining and exploration
industry (e.g. operational risks in development, exploration and
production; delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty with respect to results of
exploration, the uncertainty of estimates and projections relating
to production and the uncertainty of the availability of capital).
The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. The Company does not
undertake to update forward-looking statements except where
required to do so by law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Mindoro Resources Ltd.ir@mindoro.com www.mindoro.com
Mindoro Resources Ltd.- Australia Jon Dugdale +61 3 9614 5055
Canada: CHF Investor Relations Jeremy Hill +1 416 868 1079 ext 238
Germany: Aprendo Capital Robert Sarcher +49 821 6089051