International Cyanide Management Institute Announces Cyanco Corporation as Consignor/Transporter Code Signatory

The International Cyanide Management Institute (ICMI) announced today that it has accepted the application of Cyanco Corporation to become a signatory to the International Cyanide Management Code for the Manufacture, Transport and Use of Cyanide in the Production of Gold (Code) as a cyanide transporter. The Code is a voluntary industry program for companies involved in the production of gold using cyanide and companies that manufacture and transport this cyanide. Cyanco was one of the initial Code signatories as a cyanide producer, and has now become a signatory as a cyanide transporter, acting in the role of a consignor.

Consignors arrange for and oversee the transport of cyanide along a route or portion thereof from its point of production to a gold mine. Companies that act as consignors are eligible to become Code signatories as transporters, and may designate one or more supply chains for certification.

As a transport signatory, Cyanco commits to follow the Code’s Principles and implement its Transport Practices throughout its supply chain, and to have due diligence investigations of the rail lines in its supply chain conducted by independent third-party auditors within three years of its initial application, and every three years thereafter. Cyanco’s supply chain will be certified if found in compliance with the Code, and may be de-certified if ICMI determines that it no longer complies 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 jurisdiction 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, August 24, 2010

Date:
Friday, September 24, 2010