ENVIRONMENTAL, HEALTH AND SAFETY AND LIMITED SOCIAL REVIEW-REPORT
Sotkamo Silver has undertaken an independent consultant-report concerning an Environmental, Health and Safety and Limited Social Review - Equator Principles Assessment in relation to financing arrangements in order to construct and operate the Company’s Silver Mine in Sotkamo municipality, Finland.
This independent assessment has revealed that proposed actions will comply with i) the 2007 IFC Environmental, Health and Safety Guidelines for Mining, ii) requirements of the EU BAT BREF 2009: Management of Tailings and Waste Rock in Mining Activities and iii) with the 108 requirements set forth in the site’s Integrated Environmental Permit no 33/2013/1, Dno PSAVI/91/04.08./2011 issued on 16 April 2013.
It is worth noting that the requirements set forth in the Site’s Integrated Environmental Permit are in many cases significantly more stringent than those in the 2007 IFC Environmental, Health and Safety Guidelines for Mining and that the technical solutions /structures required often exceed the BAT or implement several or all of the BAT options presented in the applicable BAT BREF 2009. The approach taken is path-breaking in the mining industry and results from the recent lessons learnt from the mining industry in Finland.
Furthermore, the supervisory authorities reported to be impressed and pleased by the Company’s pro-activeness, quality of data and documents provided during the Integrated Environmental Permit application process and the implementation of BAT in the design plans.
The report is available on the Company´s web pages: http://www.silver.fi/tiedostot/reports/Technical%20reports/130517EnvironmentalHSandSocialReview_SotkamoSilver.pdf
Stockholm, May 17th 2013
Timo Lindborg, CEO
About Sotkamo Silver AB:
Sotkamo Silver AB´s business concept is to exploit mineral deposits in the Nordic countries with regards to human society and environment. Sotkamo Silver owns, through its subsidiary mineral deposits, which contains silver and gold in Finland. The Company’s main development project is the Taivaljärvi Silver Mine.
Sotkamo Silver applies SveMin’s & FinnMin’s respective rules of reporting for public mining & exploration companies. Sotkamo Silver has chosen to report mineral resources and ore reserves according to the internationally accepted JORC or NI 43-101-code. The company applies International Financial Reporting Standards (IFRS) as approved by the European Union.
The ticker symbol is SOSI in NGM and SOSI1 in NASDAQ OMX Helsinki.
ISIN-code for Sotkamo Silver shares is SE0001057910 and for warrants SE0004635290.
Read more about Sotkamo Silver on www.sotkamosilver.com or www.silver.fi
For further information: Timo Lindborg, CEO, tel. +358 40 508 3 507
The official Stock Exchange Release is given in Swedish and there may be differences in the translated versions.