Mawson West Responds to Media Comments on DRC Copper Exports
18.04.2013 | Marketwire
PERTH, AUSTRALIA -- (Marketwired) -- 04/18/13 -- Mawson West Limited (TSX: MWE) ("Mawson West" or "the Company") provides the following statement in response to commentary in the international media on a potential ban on copper concentrate exports from the Democratic Republic of Congo ("DRC").Concentrate produced in the DRC by Mawson West's local subsidiary is governed by the terms of the Dikulushi Mining Convention. The Convention specifically provides that Mawson West's concentrate may be freely exported on international markets.
In this regard, the terms of the Convention have been recognised by the DRC Government who in the past have advised in writing that a previous ban on the export of concentrate from the DRC did not apply to Mawson West. The Company does not see any reason why this situation will now change and does not expect to be affected by the new decree. Mawson West will keep the market informed if anything different emerges.
About Mawson West
Mawson West is an Australian copper and silver-focused resource company listed on the Toronto Stock Exchange, with its head office in Perth, Western Australia.
The Company's approximate 7,300km2 ground position in the DRC contains Mawson West's two key projects, the Dikulushi copper-silver mine and the Kapulo Project, and provides multiple near-mine and stand-alone exploration opportunities.
Existing cash and cash-flow from Dikulushi are expected to provide the Company with sufficient capital to complete development of the Kapulo Project and advance its exploration program. In addition, the Company has assembled a proven management team with a track record of delivering new resource projects, and years of experience of working in Africa and other jurisdictions.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.
Contacts:
Mawson West Limited
Mr Bruce McFadzean, Chief Executive Officer and Managing Director
+61 8 9485 9800
+61 8 9486 8857 (FAX)
bmcfadzean@mawsonwest.com
Mawson West Limited
Mr Mark Di Silvio, Chief Financial Officer
+61 8 9485 9800
+61 8 9486 8857 (FAX)
mdisilvio@mawsonwest.com
www.mawsonwest.com
Media:
MAGNUS Investor Relations + Corporate Communication
Mr Dudley White
+61 2 8999 1002
dwhite@magnus.net.au