29th Nov 2006 13:12
Peter Hambro Mining PLC29 November 2006 29 November 2006 Peter Hambro Mining PLC Statement on Media Speculation Peter Hambro Mining is aware of the remarks attributed to Rosprirodnadzor (theenvironmental watchdog) which is responsible for environmental matters, whichimply that inspections of some or all of the Group's mining licences in Russiamay be instigated in the future. Peter Hambro Mining welcomes any and allofficial inspections of its operations. All the Group's operations are regularly inspected from an environmental andhealth and safety point of view. In this context, Peter Hambro Mining is not aware of any material environmentalor health and safety regulatory infractions. Separately the Group is also aware of the report on the Ministry of NaturalResources' website that suggests that a routine inspection of the Groups assetssuggests there are deficiencies in technical reporting on the Group'sexploration assets in the Yamal region. This inspection resulted in a penaltypayment of approximately Roubles 10,000 (US$400). Commenting on the report, Mr Peter Hambro, Executive Chairman said: "The Company did not receive any prior notification whatsoever on this matterand its representatives are in discussion with the Ministry and the relevantauthorities seeking clarification on these comments.". Peter Hambro, Executive ChairmanPeter Hambro Mining Plc +44 (0) 207 201 8900 Tom Randell / Maria Suleymanova +44 (0) 207 653 6620Merlin This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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