London, United Kingdom, 15 August 2017 - Montagne d'Or (the “Company”), owner of the Montagne d’Or mining project (the “Project”) in French Guiana, announces its intention to start a public consultation during the fourth quarter of 2017. The objective will be to gather feedback from all stakeholders involved in the project to ensure transparency and collaboration.
The consultation will aim to provide clear and precise information on the Project in particular on the 3,750 direct, indirect and induced jobs, the €350 million in economic benefits through taxation and the training programs for mine trades Industrial plant in Cayenne and Saint-Laurent.
The Company is fully committed to protecting the natural environment of the site and preserving local biodiversity. In particular, the entire water treatment process will respect the treatment and reuse process provided for in the closed circuit project; geomembrane systems will prevent the infiltration of stored products into soil or groundwater; and Cyanide will be used in accordance with the rules set by the International Cyanide Managent Code with residual cyanide destroyed by cyanide detox circuit in the plant.
Montagne d’Or is endeavoring to develop a modern model of mining on site; one that is exemplary in terms of social, economic and environmental management. This program will serve as a benchmark in the sector in terms of industrial excellence.
Montagne d’Or voluntarily engaged with the National Commission for Public Debate (CNDP) in June 2017, with a view to obtaining prior consultation with the support of a guarantor of the CNDP, in compliance with local law. On 5 July, the CNDP considered the application to be inadmissible "in the current state of the content".
Information on the project is already available to the public via the website www.montagnedor.fr.
The Montagne d’Or gold deposit is located in north-west French Guiana, 180 km west of the capital, Cayenne, and 80 km south of the department capital, Saint-Laurent-du-Maroni. Montagne d’Or is an open-pit, multi-million ounce gold deposit, with excellent metallurgy. It is located in the stable western democracy of French Guiana, an overseas region of France.
Nordgold is an internationally diversified gold producer established in 2007. Nordgold has a proven track record of operational excellence and benefits from a significant international development pipeline. The Company is relentlessly focused on shareholder value, committed to running safe, efficient, profitable operations, which enable it to generate strong cashflows and in turn, continue to invest in its pipeline of new growth opportunities while generating returns for investors. In 2016, Nordgold produced 869 koz of gold.
Nordgold operates 9 mines (4 in Russia, 3 in Burkina Faso and one each in Guinea and Kazakhstan). It has one project in construction phase (Gross in Russia), several prospective projects and advanced exploration phase and a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada. Nordgold employs over 8,000 people.
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