Update re Political Events in Mali

RNS Number : 3041A

African Mining & Exploration PLC

29 March 2012

 



African Mining and Exploration plc.

("AME" or "the Company")

Mali operations returning to normal

African Mining & Exploration plc (AME), the AIM listed mining company focusing on exploration in West Africa, notes the current political unrest in Mali, where the situation has stabilised after last week's reported coup d'état, with Bamako Airport and the borders now open for all traffic.

Several larger gold developers and producers have reported that talks were held with representatives of the Comité National de Redressement de la Démocratie et la Restauration de l'Etat (CNRD-RE) at which the CNRD-RE assured them that the situation was under control and that the State was still functioning. The CNRD-RE representatives also assured them that they were well aware of the importance of the mining industry to the Malian economy, and explained that the industry would get their full support.

AME staff all returned safely to work in Bamako on Tuesday, where they are working with the authorities to identify a suitable schedule to re-deploy the technical team and commence AME's planned drilling programme. The Company expect this to be a matter of days only.

AME will make a subsequent announcement to the market at that point with a detailed operational update.

Enquiries:                                                                                                                          

African Mining & Exploration plc.	[phone]
Mark Jones (Chief Executive Officer)
Singer Capital Markets Limited (Nomad and Broker)	[phone]
James Maxwell / Jenny Wyllie

 

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