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BRE
BRE
BRE - Braemore Resources Plc - Operating incident at Mintek`s conroast smelting
facility
BRAEMORE RESOURCES PLC
(A company incorporated in England and Wales with Registration Number 5350550)
(South African registration number: 2008/013973/10)
Share code on the JSE Limited: BRE
Share code on AIM: BRR ISIN: GB00B06GJQ01
("Braemore" or "the Company")
OPERATING INCIDENT AT MINTEK`S CONROAST SMELTING FACILITY
Braemore Resources plc (AIM: BRR, JSE: BRE) confirms the occurrence of an
operational incident at a furnace at Mintek`s ConRoast smelting facility in
Johannesburg, South Africa on Friday, 27 March. A full enquiry will be
completed; however preliminary investigations suggest superficial damage to the
plant and minimal impact on production. Safety procedures were strictly adhered
to and no personnel were injured in the incident.
Initial estimates anticipate a cost of full repair to the operating
infrastructure of the furnace of R1.5 million (GBPGBP110,000), to be jointly
incurred by Mintek and Braemore. The majority of this cost will be for the
repair and replacement of electrical cables. The furnace is anticipated to
return to full production within 10 days.
The incident was caused when water from a water leak came into contact with
molten material, which instantly vapourised the water, causing a series of minor
explosions. This is the first incident of this nature in five years of operating
the ConRoast technology at Mintek and occured during a period of trialling high
sulphur content material in the furnace. The incident further supports the
requirement of a complete ConRoast process, which under normal operating
procedures removes all sulphur from the feed material through a roasting step.
Normal operating conditions take into account the hazards associated with such
an event and the nature of the ConRoast technology allowed the incident to be
quickly contained.
For further information please go to www.braemoreresources.com or contact the
following:
Enquiries:
Braemore Resources Plc
Leon Coetzer, Chief Executive Officer
+27 11 557 6413
WH Ireland: (Nomad and Joint Broker)
James Joyce
+44 207 220 1666
Mirabaud Securities: (Joint Broker)
Rory Scott
+44 207 878 3360
Qinisele Resources: (RSA Corporate Advisers)
Dennis Tucker
+27 82 492 4957
Russell and Associates: (RSA Public Relations)
Nicola Taylor or Charmane Russell
+27 11 880 3924
Parkgreen Communications: (UK Public Relations)
Sue Scott/Leah Kramer
+44 207 933 8780
Sasfin: (RSA Corporate Sponsor)
Sharon Owens
+27 11 809 7762
30 March 2009
Sponsor
Sasfin Capital (A division of Sasfin Bank Limited)
Date: 30/03/2009 08:23:59 Produced by the JSE SENS Department.
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