OCEANAGOLD DIDIPIO PROJECT UPDATE
2011年4月11日 - 9:55AM
PR Newswire (Canada)
MELBOURNE, Australia, April 11 /CNW/ -- /NOT FOR DISSEMINATION OR
DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US
NEWSWIRE SERVICES/ MELBOURNE, Australia, April 11 /CNW/ -
OceanaGold Corporation (ASX: OGC, TSX: OGC, NZX: OGC) ("the
Company") is pleased to provide a development update for the
Didipio Project in the Philippines. Development activities have
commenced at Didipio with some key milestones having been achieved
in the first quarter of 2011. ENGINEERING DESIGN & PROCUREMENT
Ausenco has been awarded the contract to complete the engineering
design and procurement. This work is being undertaken at Ausenco's
Australian office and is well underway. Members of the OceanaGold
construction and project management team are working alongside the
Ausenco team in Australia to oversee the project. Much of the key
equipment has already been purchased with most long lead time items
completed and in storage. These items include: -- SAG and Ball mill
shells, liners, gears and motors -- Flotation cells, blowers and
agitators -- Gravity concentrators -- Trash screens and
compressors. -- Various critical pumps and motor drives The jaw
crusher is the next key item to be procured with the order to be
placed in Q2. The crusher is expected to have a 26 week lead time.
Tenders are also underway with suppliers for apron feeders, cyclone
feed pumps, cyclones, the concentrate belt filter and milliner
handler. Notwithstanding the power plant equipment, the procurement
of these items in Q2 combined, will result in approximately 80% of
the process plant equipment by value being either in possession or
under contract. Contracts for the detailed plant site earthworks
are well advanced with concrete supply and the construction and
operations camp being the next contracts to be tendered. An
assessment of local contractor capacities for construction and
tendering is also well advanced. Figures A and B:
http://www.oceanagold.com/assets/documents/filings/2011/110411ogcdevelopmentupdate.pdf
The Tailings Storage Facility (TSF) conceptual design is now
complete and detailed design has commenced, with recent adjustments
being made to de-risk the construction schedule by reducing the
dependency on the dry season for construction. Concept designs for
the waste rock dumps have also been completed. The mine plan is
being reviewed to identify options for plant expansion post
commencement of production. OceanaGold Chief Executive Officer,
Mick Wilkes, said "Preparations on the Didipio site are progressing
well and we are on track to commence construction activities
mid-year." PROJECT MANAGEMENT - HUMAN RESOURCES The project
currently has 13 project personnel recruited in all major areas for
managing the project design and construction work. This includes a
Design Manager, Construction Manager, Controls Manager and Site
Project Engineering Manager and several key site area managers to
initially manage the infrastructure construction. Project
Director, Martyn Creaney, stated "I am very pleased with the
quality of the team we have assembled to construct the Didipio
Project. I have worked with many of them on major projects
during the past 25 years in Australia, Papua New Guinea, North and
South America and South Africa and I am confident we have a
first-class team to deliver the project." In addition, the
Company's New Zealand technical services team has allocated six
personnel to work on 'Life of Mine' planning, costing the process
plant conceptual design, reviewing the operations infrastructure
requirements and providing overall environmental guidance. Most
recently, Brennan Lang has been appointed as General Manager -
Didipio Operations. Brennan is a mining engineer with over 23 years
of diversified engineering, operations and management experience at
open pit and underground mines throughout North and South America,
Asia and Australia. Brennan commences June 1(st) and will report
directly to the Chief Operating Officer. COMMUNITY AND GOVERNMENT
RELATIONS Management welcomes a speech by the Philippines Secretary
of the Department of Environment and Natural Resources (DENR), Mr
Ramon J.P. Paje, at the recent Asia Mining Congress in Singapore,
where the Secretary stated that the Government would protect mining
investments and remove unnecessary interferences. In addition to
many regular community, social and humanitarian programs in the
local communities, OceanaGold recently signed a new Memorandum of
Agreement (MOA) to establish an initial 50 hectare re-forestation
project within the Municipality of Casaba in cooperation with the
DENR and local communities. This re-forestation project is a direct
response to the recent "National Greening Program" that was
launched across the country and is consistent with OceanaGold's
commitment to re-forestation and sustainable mining, as
demonstrated through previous environmental awards as well as the
ongoing maintenance of the Didipio tree nursery. As a part of
OceanaGold's commitment to sustainable agriculture, the Company
recently partnered with Nueva Vizcaya State University (NVSU) and
the Didipio Community Development Association Inc (DCDAI) to plant
4000 tissue cultured lakatan banana plantlets. This pilot project
aims to provide high-yield and disease resistant banana crops for
the local communities which much like many other parts of northern
Luzon, have seen their banana crop yields and fruit quality
severely affected by disease. About OceanaGold OceanaGold
Corporation is a significant Pacific Rim gold producer with
projects located on the South Island of New Zealand and in the
Philippines. The Company's assets encompass New Zealand's largest
gold mining operation at the Macraes goldfield in Otago which is
made up of the Macraes open pit and the Frasers Underground mines.
Additionally on the west coast of the South Island, the Company
operates the Reefton open-pit mine. OceanaGold produces
approximately 270,000 ounces of gold per annum from the New Zealand
operations. The Company also owns the Didipio Project in northern
Luzon, Philippines where pre-construction activities are now
underway. OceanaGold is listed on the Toronto, Australian and New
Zealand stock exchanges under the symbol OGC. Cautionary Statement
Statements in this release may be forward-looking statements or
forward-looking information within the meaning of applicable
securities laws. Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"expects" or "does not expect", "is expected", "anticipates" or
"does not anticipate", "plans", "estimates" or "intends", or
stating that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved) are not
statements of historical fact and may be forward-looking
statements. Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ from those reflected in the forward-looking statements
including, among others, the accuracy of mineral reserve and
resource estimates and related assumptions, inherent operating
risks and those risk factors identified in the Company's most
recent Annual Information Form prepared and filed with securities
regulators. There are no assurances the Company can fulfil such
forward-looking statements and, subject to applicable securities
laws, the Company undertakes no obligation to update such
statements. Such forward-looking statements are only predictions
based on current information available to management as of the date
that such predictions are made; actual events or results may differ
materially as a result of risks facing the Company, some of which
are beyond the Company's control. Accordingly, readers should
not place undue reliance on forward-looking statements. To view
this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/10/c2922.html
p Mr Darren Klinckbr/ Vice President, Corporate and Investor
Relationsbr/ Tel: +61(3) 9656 5300 /p
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