Nordex Explosives Ltd.

Nordex Explosives Ltd.

November 22, 2011 08:30 ET

Nordex Explosives Ltd. Selected as Exclusive Supplier to Young-Davidson Mine Open Pit Project, Ontario

KIRKLAND LAKE, ONTARIO--(Marketwire - Nov. 22, 2011) -


NORDEX EXPLOSIVES LTD. ("Nordex" or the "Company") (TSX VENTURE:NXX) is pleased to announce today it has successfully negotiated an agreement to supply explosive products to the Young-Davidson Mine "Open Pit Project", currently under construction 60 km west of Kirkland Lake in Matachewan, Ontario. The first explosive blast at the open pit was reported on November 18th by owner AuRico Gold Inc.

Jim Taylor, Chief Executive Officer for Nordex, commented, "Adding the Young-Davidson Open Pit Project to our existing supply arrangements with the Young-Davidson Mine demonstrates the competitive position of Nordex as a provider of bulk emulsions in the explosives industry. Our strategy to increase plant capacity and mobile equipment earlier this year has allowed us to respond to the demands of the Young-Davidson Open Pit Project as well as to prepare for other anticipated opportunities. We believe the renewed investment in mineral and resource projects due to higher commodity prices overall will continue to increase the demand for explosives products."

The agreement was negotiated with the on-site contractor, Ledcor CMI Ltd., separately from the ongoing supply of explosives by Nordex for the underground mining operations at the Young-Davidson Mine.

"This is our first occasion working with Ledcor, the site construction team engaged by AuRico. Ledcor is a North American construction leader with more than 5,000 employees working on all manners of construction projects. Through this new relationship, we are excited about the opportunity that we believe Nordex now has with Ledcor for potentially bidding on and securing additional product and services contracts in the future," projected CEO Taylor.

The agreement with Ledcor was negotiated with the cooperation of the Matachewan First Nations and the Wabun Tribal Council ("Wabun"). Wabun serves the six First Nations of Beaverhouse, Brunswick House, Chapleau Ojibwe, Flying Post, Mattagami as well as the Matachewan First Nations. Wabun has an Impact Benefit Agreement in place with Northgate Minerals Inc., which was recently acquired by AuRico Gold Inc.

Nordex Explosives Ltd. and Wabun have expressed their intent to work together to develop an exclusive relationship to explore additional joint opportunities on traditional native lands. Jim Taylor commented, "We are particularly excited about these ongoing discussions with Wabun and hope that we can formalize our common intentions to build a mutually beneficial relationship in the near future."

For more on the Ledcor Group of Companies visit

For more on the Young-Davidson Mine Project and AuRico Gold Inc. visit

About Nordex Explosives Ltd.

Nordex Explosives Ltd. is a manufacturer and distributor of explosives for the mining, quarry and road construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex trades on the TSX Venture Exchange under the symbol "NXX".

For more information about Nordex please visit our website at to receive Company news via email contact and mention "Nordex news" in the subject line.

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