| Wed 3 Aug 2011, 8:23 | | MWNT - Mine Waste Solutions (Pty) Limited - Operations resume at Mine Waste |
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JSE MWNT
MWNT
MWNT - Mine Waste Solutions (Pty) Limited - Operations resume at Mine Waste
Solutions
Mine Waste Solutions (Pty) Limited
Share code: MWNT ISIN: ZAE000156261
NEWS RELEASE - 3 August 2011
OPERATIONS RESUME AT MINE WASTE SOLUTIONS
SOUTH AFRICAN NATIONAL NUCLEAR REGULATOR (NNR) LIFTS DIRECTIVE
Johannesburg - Further to the announcement of 25 July 2011 regarding the
directive issued to Mine Waste Solutions (Proprietary) Limited (JSE:MWNT)
(ISIN: ZAE ZAE000156261) ("MWS" or "the Company") by the South African National
Nuclear Regulator (the "NNR") to cease deposition of material on all existing
tailings storage facilities, MWS announced that it received conditional
permission from the NNR to resume operations at MWS.
The MWS received the directive from the NNR on 25 July 2011.
Following a site inspection on Friday 29, July 2011, the regulator agreed to
lift the suspension on condition that MWS adhered strictly to the conditions of
the nuclear authorisation-COR-30, inter alia that MWS provide the NNR with
monthly self inspection reports in accordance with the enhanced pipeline
maintenance program that the Company had developed and has implemented.
The NNR will review MWS` compliance after a period of one month to satisfy
itself that the operation is complying with the conditions imposed on the
lifting of the directive.
Deon van der Mescht, chief executive officer of MWS said: "We are committed to
continuing to be responsible corporate citizens. MWS will continue to operate in
a responsible manner and we are confident that MWS will continue to comply with
the NNR authorisation."
For further information, please contact:
Julian Gwillim, julian@aprio.co.za
Gail Strauss, gailstrauss@mweb.co.za
Debt Sponsor:Investec Bank Limited
Cautionary Language Regarding Forward-Looking Information
This news release contains and refers to forward-looking information based
on current expectations. All other statements other than statements of
historical fact included in this release are forward-looking statements
(or forward-looking information). The Company`s plans involve various estimates
and assumptions and its business and operations are subject to various risks
and uncertainties. These forward-looking statements are made as of the date
hereof and there can be no assurance that such statements will prove to be
accurate, such statements are subject to significant risks and uncertainties,
and actual results and future events could differ materially from those
anticipated in such statements. For more details on these risks and
uncertainties, see the Company`s pre-listing statement can be downloaded from
First Uranium Corporation`s website at www.firsturanium.com. Accordingly,
readers should not place undue reliance on forward-looking statements that
are included herein, except in accordance with applicable securities laws.
www.firsturanium.com
Date: 03/08/2011 08:23:01 Produced by the JSE SENS Department.
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