Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, has today released a report providing full disclosure on its tailings storage facilities ('TSF') management.
This report has been published in response to a request from the Church of England Pensions Board and Swedish Council on Ethics for the AP Funds, backed by the UN-supported Principles for Responsible Investment (PRI) and on behalf of 96 investors in the mining sector, together representing over $10.3 trillion in assets under management.
TSG currently manages one TSF at the Asacha Gold Mine in Russia, which has been in operation since 2011 under management from TSG's wholly-owned subsidiary ZAO Trevozhnoye Zavevo ('TZ'). To date, there have not been any tailings-related safety or environmental incidents at the Asacha Gold Mine.
TSG is fully committed to improving our transparency and providing stakeholders with full disclosure. We welcome this request to provide further information about our TSF management and support the movement towards greater transparency within the metals and mining sector.
Our report is available for download from the TSG website.
+44 (0) 7799 694195
Arden Partners plc
Paul Shackleton (Corporate Finance)
Tim Dainton / Fraser Marshall (Equity Sales)
+44 (0) 207 894 7000
Hudson Sandler (Financial PR)
Charlie Jack / Katerina Parker
+44 (0) 207 796 4133
TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia. The Company also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka.
Additional information is available from the Company's website: www.trans-siberiangold.com
Market Abuse Regulations
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.