MANA PROJECT SECURES MAJOR MILL EQUIPMENT Press Release
SEMAFO INC. Quotes:( SMF ) Tuesday, September 05, 2006 9:40:00
AM EST Montreal, Quebec, September 5, 2006
SEMAFO (TSX – SMF) announced today the purchase of a new fully
automated ball mill, a mobile crushing and screening unit and
a power plant for the construction of its Mana project in Burkina
Faso. These purchases respect the time schedules outlined in the
Engineering, Procurement and Construction Management contract
(«EPCM»).
The 3,500 KW ball mill has been purchased from Outokumpu. It
is a 17.5’ X 24’ grinding mill designed for a 4,000 ton per day
capacity. It is scheduled for delivery to site in early September
2007.
The crushing unit purchased from Roc Impact
consists of a primary jaw crusher with grizzly feeders equipped
with a Modicon Quantum automated system similar to the treatment
plant.The crushing plant is designed for a 250 ton per hour (6,000
ton per day) capacity and is expected to be delivered on site
in March 2007.
The power plant has been purchased from BIA Export and consists
of eight Cummins generating sets (C1,400D5) of 1,000 kW each to
fulfill the 5,000 kW needed for the treatment plant prior to the
usage of the government’s planned power line expected to reach
the site in early 2008. The power plant is expected to be delivered
on site in April 2007.
The common shares of Semafo are traded on The Toronto Stock Exchange
under the symbol “SMF”. FORWARD-LOOKING STATEMENTS
This press release contains « forward-looking statements », including,
but not limited to, the statements regarding the Company’s expectations
as to the market price of gold, strategic plans, future commercial
production, production targets, timetables, mine operating costs,
fixed assets expenses, mineral reserve estimates and to the company’s
perspectives. Forward-looking statements express, as at the date
of this press release, our estimates, forecasts, projections,
expectations and beliefs as to future events or results. Forward-looking
statements are reasonable, but involve a number of risks and uncertainties,
and there can be no assurance that such statements will prove
to be accurate.
Therefore, actual results and future events could differ materially
from those anticipated in such statements. Factors that could
cause results or events to differ materially from current expectations
expressed or implied by the forward-looking statements include,
but are not limited to, factors associated with fluctuations in
the market price of precious metals, mining industry risks, uncertainty
as to calculation of mineral reserves, risks related to the grade
of reserves, risks related to hedging strategies, risks of delays
in construction and requirements of additional financing. Semafo
is a mining company whose mission is to explore, develop and mine
major gold deposits in West Africa. Semafo currently operates
the Kiniero mine in Guinea, the Samira Hill mine in Niger and
is developing the Mana project in Burkina Faso
(Info : Free Market News)
