Iamgold Reports Camp Caiman Permits Not Approved
Toronto, Ontario, January 31, 2008 - IAMGOLD Corporation (TSX: IMG / NYSE: IAG) ("IAMGOLD" or "the Company") reports that the French Government through a declaration issued on behalf of the President's Office has advised that the President will not approve the final permits necessary to commence construction of the Camp Caiman project located in French Guiana. No technical, environmental or legal reasoning for the decision was provided in the declaration. The Company will be seeking further information from the relevant authorities in order to determine next steps.
Camp Caiman is a development project hosting approximately 1.1 million ounces of gold. Throughout the permitting process, the Company has fulfilled all legal, technical and environmental obligations required; including full and open public hearings and consultations. The project received a positive response from the relevant authorities, as well as a positive recommendation from the CODERST, a government appointed committee designed to review such projects.
"The Camp Caiman project exemplified the highest standards of environmental protection and innovation, based on an extensive application and public hearing process dating back to 2005" stated Joseph Conway, President & CEO, "We firmly believe that the Camp Caiman project could be a catalyst for the economic development of the French Guiana region as well as a model for socially and environmentally responsible mining in France. IAMGOLD has committed significant resources to the Camp Caiman project and we will be considering all of our options for protecting and advancing those interests going forward."
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "mineral resources" , that the SEC guidelines strictly prohibit us form including in our filings with the SEC. U.S. investors are urged to consider closely the disclosure in the IAMGOLD Annual Report on Form 40-F. A copy of the 2006 Form 40-F is available to shareholders, free of charge, upon written request addresses to the Investor Relations Department.
For further information please contact:
IAMGOLD Corporation:
Lisa Doddridge
Director, Investor Relations
Tel: (416) 360-4710
Toll-free: 1 888 IMG-9999
Renmark Financial Communications Inc.
John Boidman: jboidman@renmarkfinancial.com
Henri Perron: hperron@renmarkfinancial.com
T: (514) 939-3989
F: (514) 939-3717
www.renmarkfinancial.com
Please note:
This entire press release may be accessed via fax, e-mail, IAMGOLD's website at www.iamgold.com and through Marketwire's website at www.marketwire.com. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.
SI VOUS D�SIREZ OBTENIR LA VERSION FRAN�AISE DE CE COMMUNIQU�, VEUILLEZ CONSULTER LE HTTP://WWW.IAMGOLD.COM/FR/ACCUEIL.HTML.
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IAMGOLD Corporation
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PRODUCTEUR |
CODE : IMG.TO |
ISIN : CA4509131088 |
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IAMGOLD est une société de production minière d'or basée au Canada. IAMGOLD est productrice d'or, d'argent, de diamants, de niobium, de plomb, de rare earth et de zinc au Botswana, au Canada, au Ghana, au Mali, au Perou, au Suriname, en Afrique Du Sud, en Equateur, en Guyana, en Indonesie et en Tanzanie, en développement de projets d'or au Burkina Faso, en Equateur et en Guyane Francaise, et détient divers projets d'exploration au Canada, au Honduras, au Perou, en Afrique Du Sud et en Equateur. Ses principaux projets en production sont OMAI MINE en Guyana, MOUSKA MINE, PORCUPINE, SLEEPING GIANT, DOYON, NIOBEC et GRAND DUC au Canada, YATELA et SADIOLA au Mali, MUPANE au Botswana, DAMANG PROJECT, TARKWA et TEBEREBIE au Ghana, ROSEBEL au Suriname, ZARUMA en Equateur, ARDO MINE en Afrique Du Sud, BUCKREEF en Tanzanie, RAWAS GOLD PROJECT en Indonesie et TAMBORAQUE au Perou, ses principaux projets en développement sont ESSAKANE au Burkina Faso, CAMP CAIMAN en Guyane Francaise et QUIMSACOCHA PROJECT en Equateur et ses principaux projets en exploration sont BAMBADJI au Senegal, TEX-SOL, LESPERANCE, CREVIER et WESTWOOD au Canada, ALAMOUTALA (SADIOLA II) et SIRIBAYA au Mali, GILT EDGE MINE & ANCHOR HILL en Equateur, PODEROSA MINE au Perou et VUELTAS DEL RIO / EL ZAPOTAL au Honduras. IAMGOLD est cotée au Canada, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 3,0 milliards CA$ (2,2 milliards US$, 2,0 milliards €). La valeur de son action a atteint son plus haut niveau récent le 28 avril 2006 à 9,98 CA$, et son plus bas niveau récent le 30 septembre 2022 à 1,27 CA$. IAMGOLD possède 464 620 000 actions en circulation. |