Chaarat Gold Holdings Ltd Chaarat Gold -- Fatal Incident at Kapan Mine (5806L)
May 16 2022 - 1:01AM
UK Regulatory
TIDMCGH
RNS Number : 5806L
Chaarat Gold Holdings Ltd
16 May 2022
16 May 2022
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Chaarat Gold - Fatal Incident at Kapan Mine
Chaarat Gold (AIM: CGH), the AIM-quoted gold mining Company with
an operating mine in Armenia, and assets at various stages of
development in the Kyrgyz Republic, regrets to report a fatal
incident involving an employee of its contractor, S&A Mining,
on 14(th) May 2022 following a rock fall underground at the Kapan
mining operation.
The underground mining area where the incident occurred was
closed immediately and an internal and external investigation has
commenced. Chaarat is now working with S&A Mining and local
authorities to facilitate their investigation of this tragic
incident.
Mining operations continue in all other working areas while work
remains stopped in the one stope where the incident occurred. Mine
production is not expected to be affected.
Mike Fraser, Chief Executive Officer of Chaarat, said:
"We truly regret this incident, and we offer our sincere
condolences to the family of the deceased. The safety of our
employees and contractor employees at our operations is a top
priority for Chaarat. We are working through an internal and
external investigation and will identify further measures to
prevent such incidents from occurring, and to protect the health of
our employees and contracted companies' employees."
Enquiries
+44 (0)20 7499
Chaarat Gold Holdings Limited 2612
Mike Fraser (CEO) ir@chaarat.com
Canaccord Genuity Limited (NOMAD and + 44 (0)20 7523
Joint Broker) 8000
Henry Fitzgerald-O'Connor
James Asensio
+44 (0)20 7220
finnCap Limited (Joint Broker) 0500
Christopher Raggett
Panmure Gordon (UK) Limited (Joint +44 (0)20 7886
Broker) 2500
John Prior
Hugh Rich
About Chaarat
Chaarat is a gold mining company which owns the Kapan operating
mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in
the Kyrgyz Republic. The Company has a clear strategy to build a
leading emerging markets gold company through organic growth and
selective M&A.
Chaarat aims to create value for its shareholders, employees and
communities from its high-quality gold and mineral deposits by
building relationships based on trust and operating to the best
environmental, social and employment standards. Further information
is available at www.chaarat.com/ .
ENDS
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END
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