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GGMC takes over Omai Gold Mines

Mar 18, 2009 News

‘IAMGOLD,’ the parent company of Omai Gold Mines Limited (OGML), has stated that Omai site has been handed over to the Guyana Geology and Mines Commission (GGMC) with effect from March 1, 2009.
The company in a press statement said that this brings to an end the phase of the operations at the Omai site which commenced with the signing of the mineral agreement on August 16, 1991 and the achievement of commercial production of gold on March 11, 1993, nearly 16 years to the day.
It was explained that since OGML started gold mining operations, the company has satisfied all the obligations contained in article 18.4(b) of the mineral agreement and has restored the areas used for construction and the mining of gold as provided in section 6.11 thereof.
“The company has conducted good industrial mining practices beyond legal requirements and is one of the first gold mining companies to have achieved ISO 14001 certification,” the statement noted.
Meanwhile, the GGMC has issued a certificate of compliance signed on December 31, 2008 that the company “has duly completed and satisfied all terms and conditions of the mineral agreement dated August 16, 1991, and its amendments thereto.”
Additionally, the Environmental Protection Agency (EPA) has issued a certification of compliance to OGML with a closure plan which states inter alia “the findings of all the closure inspections have revealed that the company has generally complied with the closure activities outlined in the approved closure plan and its amendment dated December 2008.”
According to the statement, the company has undertaken to conduct two monitoring visits to be done this year in keeping with its commitment.
In addition, the EPA in the certification complimented the company for general environmental compliance during the operation of the mine and on achieving the closure objectives.
According to OGML, the company throughout its operations over those 16 years has embraced the theme, “mining with the environment in mind”, and conducted the closure of its operations with dignity.
“We continue to invest in Guyana, exploring for our future and look forward to a golden future with Guyana.”

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