REG - Central Asia Metals - Update regarding Sasa Tailings Storage Facility 4

Central Asia MetalsAnnouncement

17/09/2020 07:00

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 Relations


louise.wrathall@centralasiametals.com




 


 




Peel Hunt (Nominated Advisor and Joint Broker)


Tel: +44 (0) 20 7418 8900




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

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