AUSSIE MINING FIRM SEEKS TO DUMP WASTE IN PNG BAY

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Chinese mine stopped from similar plan in same bay

Firmin Nanol MELBOURNE, Australia (Radio Australia, Aug. 16, 2010) - The Australian based-Marengo Mining company says it plans to dump waste from its proposed Yandera Gold and Copper mine into Basamuk Bay in Papua New Guinea's (PNG) Madang province.

Marengo has been drilling for gold and copper at its Yandera mine site in Madang province and says it has found enough deposits to last for 20 years.

Marengo's managing director, Les Emery says it is conducting a feasibility study on a deep sea tailings waste disposal system to be completed by the end of this year.

[PIR editor’s note: The National reports of other possibilities. The options identified for the tailing management are: "a tailings storage facility (TSF) within the Ramu Valley, about 28 kilometers from the processing plant; the deep sea tailings placement (DSTP), about 100 km from the plant site; anda combination of TSF and DSTP].

He says the proposal is subject to PNG government approval.

"There has been no formal go ahead of the mine and even then it’s subjected to formal financing of the mine which is currently estimated to be US$1.6 billion."

Mr. Emery says the Yandera mine should go into full production by 2014.

It will be Madang's second deep sea tailings placement system after the Chinese-owned Ramu Nickel mine also announced plans to dump slurry waste into the same bay.

Landowners have successfully obtained a court order and delayed the Chinese developer from constructing a waste pipeline.

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