Inmet Mining Corporation

Inmet Mining Corporation

April 29, 2009 08:07 ET

Inmet Mining Announces Resumption of Mining at Las Cruces

TORONTO, ONTARIO--(Marketwire - Apr. 29, 2009) - Inmet Mining Corporation (TSX:IMN) announced that mining operations at its Las Cruces project resumed today after receipt of final approval from the Andalucian Regional Ministry of Innovation, Science and Business (CICE).

The resumption of mining at Las Cruces follows the issuance by CICE of a resolution on April 7th to approve the lifting of the suspension on mining at Las Cruces imposed in May 2008.

Commissioning of the process plant has been completed and with the resumption of mining in the pit, Las Cruces now anticipates that it will produce its first copper cathode during the first week in June.

A public review process is required to amend the permit for the dewatering and reinjection system to incorporate water treatment and other aspects of Las Cruces' "Global Plan" that addresses the regulators' concerns that led to the suspension of mining. The public commentary period has expired and the Water Authority of Andalucia has now commenced the process to amend the permit. This process is expected to take several months. Mining and cathode production would continue while the process to amend the permit continues.

Forward looking information

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains forward-looking information. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, expect, anticipate, and believe or other similar words. Capital and operating cost estimates are forward-looking statements, and are based on assumptions that we believe to be reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our respective business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements.

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 two development properties, Las Cruces and Petaquilla.

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Contact Information

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