The International Cyanide Management Institute (ICMI) announced today that it had accepted the application of Minera Penmont S de R.L. de C.V. 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. Minera Penmont, a joint venture between Penoles and Newmont, operates the La Herradura gold mine in Sonora, Mexico.
Minera Penmont joins 34 other companies that are signatories to the Code. By becoming a signatory, Minera Penmont commits to follow the Code’s Principles and implement its Standards of Practice, and to have verification audits of its operations conducted by independent third-party auditors within three years of its initial application, and every three years thereafter. Operations will be certified if found in compliance with the Code, and will be de-certified if ICMI determines 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 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.
Thursday, May 29, 2008