27th Sep 2006 07:00
Carnegie Minerals plc27 September 2006 27 September 2006 Carnegie Minerals Plc ("Carnegie" or the "Group") First Shipment to China Carnegie, the Mineral Sands resources company with production interests in TheGambia and an exploration permit in adjoining Senegal is pleased to announce ithas successfully started mining its Sanyang resource, ahead of the schedule asset out in the Admission Document dated 8th August 2006. Carnegie is also pleased to announce it has shipped its first concentrates toChina through its off take partner Astron from its deposits in The Gambia. Thefirst preliminary shipment of approximately 1,320 tonnes of concentrate(containing 410 tonnes of zircon / rutile non mag concentrate) has been achievedahead of schedule. Astron, Carnegie's off take partner is an ASX-listed companyand one of the largest independent purchasers and processors of zircon productsin China. Astron supplies approximately 25% of the Chinese zircon market and isa market leader in China for zircon and advanced zirconium chemicals. The offtake agreement with Astron is for the economic life of the Gambian Licence. There is currently strong international demand for zircon, particularly toChina. In parallel, Carnegie is also pleased to advise that it has completed the onsite construction of the main bucket ladder dredge that will allow theescalation of mining at the Sanyang deposit. Carnegie Minerals new corporate website, (www.carnegiemins.com), providesphotographs and updates on all operations. Alan Hopkins, Managing Director of Carnegie Minerals plc said: "Having just floated in July 2006, we are very happy to report that our firstshipment has come through ahead of schedule. I am also pleased to report thecompletion of the bucket dredge in the Sanyang deposit and we are well on theway to achieving production targets. "Our production in The Gambia is fully funded & our project team is dedicated toescalating production levels while at the same time exploring the substantialpotential in adjoining Senegal." - Ends - For further information, call: Alan Hopkins, Managing Director, Carnegie Minerals Plc 020 7831 3113John Prior, Romil Patel Corporate Synergy Plc 020 7448 4414Jonathon Brill/Edward Westropp, Financial Dynamics 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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