Fire Incident at NLGM

RNS Number : 7434B

Shanta Gold Limited

09 January 2015

 



Shanta Gold Limited

 ("Shanta Gold" or the "Company")

FIRE INCIDENT AT NEW LUIKA GOLD MINE PROCESSING PLANT

Shanta Gold, the East Africa focused gold production and exploration company, advises that on the morning of 8 January 2015, there was a fire incident in the screening section of the recently commissioned crushing circuit of the gold processing plant at its New Luika Gold Mine in south western Tanzania. Two people suffered minor injuries but were able to return to work later in the shift. The rest of the processing plant was not affected.

Whilst repairs are being undertaken there is expected to be no impact on this quarter's gold production as the Company is able to revert back to the standby crusher.  

An investigation is underway into the cause of the incident. Shanta Gold regards the health and safety of its employees, and of the members of the local communities in which it operates, as its highest priority and is treating this incident with the utmost seriousness.

Enquiries:

Shanta Gold Limited

Tel: [phone]

Mike Houston / Patrick Maseva-Shayawabaya

 

Nominated Adviser and Joint Broker

Peel Hunt LLP

Tel: + 44 (0)20 7418 8900

Matthew Armitt / Ross Allister

 

Joint Broker

GMP Securities Europe LLP

Tel: + 44 (0)20 7647 2800

Richard Greenfield / Alexandra Carse

 

Financial Public Relations

FTI Consulting

Oliver Winters/Sara Powell

Tel: [phone]

About Shanta Gold Limited

Shanta Gold is an East African focused gold mining company. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production in August 2012 and is forecast to produce between 80,000 - 83,000 ounces in 2014. The Company is admitted to trading on AIM and has approximately 464 million shares in issue. For further information visit the Company's website: www.shantagold.com.

 

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