Inmet Mining Corporation

Inmet Mining Corporation

May 13, 2008 19:01 ET

Cobre Las Cruces Receives Notice of Suspension of Authorization for Dewatering and Re-Injection System

TORONTO, ONTARIO--(Marketwire - May 13, 2008) - Inmet Mining Corporation (TSX:IMN) today announced that Cobre Las Cruces, S.A. (CLC) has received notice from the Spanish water authority, Confederacion Hidrografica del Guadalquivir (CHG), of its decision to suspend the authorization for the dewatering and re-injection system (DRS) used at the Las Cruces project. The DRS is a system of wells around and within the Las Cruces open pit that removes water from the surrounding aquifer and re-injects it into adjacent wells to prevent water from flowing into the pit, thereby protecting the aquifer.

CHG has also indicated that CLC should not expose the ore in the pit during the period of suspension. As a result, CLC will not be able to commence direct ore shipping in June as previously forecast.

CLC is in the process of assessing CHG's concerns and identifying the measures required to address them. Until such assessment is completed, the length of the suspension of the DRS authorization, and of any delay in the ability to direct ship ore, cannot be determined. CLC will continue to work with CHG and other authorities to resolve the concerns so that the DRS authorization can be reinstated as quickly as possible. In the interim, pre-stripping of the pit for a future extension of the mine not related to the area of CHG's concern, and construction of the process plant remain unaffected and will continue as planned. In addition, key elements of the DRS will continue to be operated to the extent necessary to preserve the environment and ensure the safety of the pit.

About Inmet

Inmet is a Canadian-based global mining company that produces copper, zinc and gold. We have interests in four mining operations in locations around the world: Cayeli, Pyhasalmi, Troilus and Ok Tedi. We also have interests in three development properties, Las Cruces, Cerattepe and Petaquilla.

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Contact Information

  • Inmet Mining Corporation
    Jochen Tilk
    President and Chief Operating Officer
    (416) 860-3972