IAMGOLD and Other Mining Companies Meet With President Correa and Other Top Officials; Correa Says Responsible Mining Will Go Ah
April 25 2008 - 8:30AM
Marketwired
TORONTO, ONTARIO (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD)
announced today that the Company and seven other mining companies
(Aurelian Resources Inc., Cornerstone Capital Resources, Corriente
Resources, Dynasty Metals & Mining, Ecometals Limited,
International Minerals and Salazar Resources) collectively met with
President Correa and other top officials yesterday afternoon in
Quito to discuss the future of mining in Ecuador and the impact of
the previously announced Mining Mandate.
The companies welcomed President Correa's repeated statements
that responsible mining will go ahead in Ecuador. He said that the
purpose of the Mining Mandate was to allow the government to draft
and implement the new mining law so that responsible mining can
proceed. The President invited the mining companies to meet with
the ministry to help formulate the new mining law starting this
coming Monday, April 28.
Present from the government were President Rafael Correa; Dr.
Galo Chiriboga, Minister of Mines and Petroleum; Dr. Jose Serrano,
Deputy Secretary of Mines; Dr. Agustin Paladines, Mining Advisor to
the President; Fernando Alvarado, Advisor to the President; Ricardo
Patino, Minister of Politics; and Dr. Ramon Torres, Business
Advisor to the President. The Canadian Ambassador to Ecuador,
Christian LaPointe, accompanied the companies and presented
concerns of the Canadian government for a fair, stable and
long-term investment environment in Ecuador.
IAMGOLD continues to seek clarity from the government regarding
the Mining Mandate's specific application to the Company's
Quimsacocha development project and will issue updates as
information becomes available.
About IAMGOLD
IAMGOLD is a top mid-tier gold producer, with annual production
of close to 1 million ounces from eight different operations
located in North America, South America and Africa. The Company
also owns two non-gold assets that provide significant cash flow
and four development projects that provide a strong platform for
continual growth. IAMGOLD has built a team of professionals with
the necessary technical expertise to explore, develop and operate
existing gold assets and to pursue new opportunities to enhance
shareholder value. The Company is publicly traded (TSX: IMG)(NYSE:
IAG)(BOTSWANA: IAMGOLD).
Forward Looking Statement
This press release includes certain "Forward-Looking Statements"
within the meaning of section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than
statements of historical fact, included herein, including without
limitation, statements regarding potential mineralization and
reserves, exploration results and future plans and objectives of
IAMGOLD, are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from IAMGOLD's expectations are disclosed under the
heading "Risk Factors" and elsewhere in IAMGOLD documents filed
from time-to-time with the Toronto Stock Exchange, the United
States Securities and Exchange Commission and other regulatory
authorities.
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 desirez obtenir la version francaise de ce communique,
veuillez consulter le http://www.iamgold.com/fr/accueil.html.
Contacts: IAMGOLD Corporation Lisa Doddridge Director, Investor
Relations (416) 360-4710 or Toll-Free: 1-888-IMG-9999 (416)
360-4750 (FAX) Email: info@iamgold.com Website: www.iamgold.com
Renmark Financial Communications Inc. John Boidman (514) 939-3989
(514) 939-3717 (FAX) Email: jboidman@renmarkfinancial.com Renmark
Financial Communications Inc. Henri Perron (514) 939-3989 (514)
939-3717 (FAX) Email: hperron@renmarkfinancial.com Website:
www.renmarkfinancial.com
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