Allstate Explorations NL Becomes Signatory to International Cyanide Management Code

The International Cyanide Management Institute (ICMI) announced today that it had accepted the application of Allstate Explorations NL to become a signatory to the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold (Code). The Code is a voluntary industry program for companies involved in the production of gold using cyanide. Allstate Explorations is an Australian mining company with majority ownership in the Beaconsfield Gold Mine, a mining operation in Tasmania, Australia. Allstate Explorations is the manager of the joint venture.

By becoming a signatory, Allstate Explorations NL and the Beaconsfield Gold Mine have committed to following the Code’s Principles and implementing its Standards of Practice, and to have a verification audit of its operation conducted by independent third-party auditors within three years of their initial application, and every three years thereafter. The purpose of the verification audit is to evaluate an operation to determine if its management of cyanide achieves the Code’s Principles and Standards of Practice. Operations will be certified if found in compliance with the Code, and will be de-certified if ICMI finds that they no longer comply with the Code.

The Code was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee. The Code is intended to complement an operation’s existing obligation to comply with the applicable laws and regulations of the political jurisdictions in which the operation is located.

ICMI has been established to administer the Code, promote its adoption, evaluate its implementation, and manage the certification process. A detailed list of the operations covered by signatory companies’ applications, along with the full text of the Code and its implementing and administrative documents, are available at www.cyanidecode.org.
Date:
Tuesday, April 25, 2006

Date:
Tuesday, April 25, 2006