GoldBridges Global Resources PLC Approval for Sekisovskoye Development Plans (7083O)
August 11 2014 - 2:00AM
UK Regulatory
TIDMGBGR
RNS Number : 7083O
GoldBridges Global Resources PLC
11 August 2014
August 11, 2014
GoldBridges Global Resources plc
("GoldBridges" or the "Company")
GoldBridges Global Resources receives approval for its
Sekisovskoye development plans from the Ministry of Industry and
New Technologies
GoldBridges Global Resources plc is pleased to announce that its
Sekisovskoye mine development project has been approved by the
Ministry of Industry and New Technologies (MINT) for inclusion in
the State Program on Forced Industrial-Innovative Development
(SPFIID).
According to the terms of the SPFIID, the government will build
infrastructure to expand the current connection of the Sekisovskoye
project to main electricity and transportation networks.
The SPFIID was established in 2010 as part of President
Nazarbayev's initiatives for modernisation of the Kazakhstan
economy and pledges state support to selected projects by providing
financing facilities such as grants and low interest loans,
infrastructure development and policies to remove bureaucratic
hurdles
Aidar Assaubayev, CEO of GoldBridges Global Resources Plc.
commented:
"We are delighted to receive MINT approval, which is a very
important step in the development of the Sekisovskoye project."
______________________
GoldBridges Global Resources plc
SPFIID website: www.pfiir.kz
For further information, please contact:
GoldBridges Global Resources plc
Rajinder Basra, CFO +44 (0) 207 932 2455
Strand Hanson (Nomad and Joint Broker)
Andrew Emmott
James Spinney
Ritchie Balmer +44 (0) 207 409 3494
Peat & Co. (Joint Broker)
John Beaumont, COO and Head of Research +44 (0) 203 540 1720
Blytheweigh (Financial PR)
Tim Blythe
Halimah Hussain
Camilla Horsfall +44 (0) 207 138 3204
This information is provided by RNS
The company news service from the London Stock Exchange
END
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