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Thursday, December 22, 2011

Since the Republic of Suriname has a 5% stake in this older IAMGOLD mine, they probably won't try to influence the company to replace the current toxic leaching system with our green system.  We can only hope that going forward that any new venture in country considers Haber's green qualities.  You would almost think that the small miners will point to this IAMGOLD arrangement to justify their own neglect for becoming committed to green techniques.  This said, I would much rather see this type of agreement with a large miner than the present helter skelter activity with thousands of small operators who slash and burn and poison their way through the country.   Here is the article:

IAMGOLD, Suriname Come To Terms With Expansion Of Mine

Wednesday, December 21, 2011 11:18 AM
IAMGOLD Corp. (TSX:IMG)(NYSE:IAG) has entered into a "heads of agreement" with the government of the Republic of Suriname regarding expansion of the company’s Rosebel Gold Mine. Key principal elements for a definitive agreement were established and they will ultimately be supportive of a significant capacity expansion of the Rosebel Mine, the company says. "Reaching an initial agreement on the terms and conditions necessary for the expansion of Rosebel is a pivotal moment for us,” says Steve Letwin, president and chief executive officer. “The next steps are to work expeditiously towards the conclusion of a definitive agreement and to complete a feasibility study.” The Rosebel Mine produced 395,000 ounces of gold in 2010. The government of Suriname holds a 5% interest in the mine. IAMGOLD is a mid-tier gold mining company that produces roughly one million ounces of gold from the company’s five producing mines spread out around the globe.
By Alex Létourneau of Kitco News; aletourneau@kitco.com

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