PanAust Limited’s Ban Houayxai Gold-Silver Project Certified Under International Cyanide Management Code

The International Cyanide Management Institute (ICMI) announced today that PanAust Limited’s Ban Houayxai Gold-Silver Project (Ban Houayxai) in Lao People’s Democratic Republic has been certified in full compliance with the International Cyanide Management Code (Cyanide Code).

Ban Houayxai was audited prior to its start of commercial production against ICMI’s Pre-operational Verification Protocol for Gold Mining Operations, and was conditionally certified in January 2012. As required under the Cyanide Code, the mine was audited by independent professional third-party auditors within one year of its first receipt of cyanide to confirm that the facility was construction and is being operated in compliance with the Cyanide Code. ICMI has received and accepted the auditors’ Detailed Audit Findings Report, which found Ban Houayxai in full compliance with the Cyanide Code’s Principles and Standards of Practice. The Summary Audit Report and Auditor Credentials Form are available on the Signatory Companies Page on the ICMI web site: http://cyanidecode.org/signatory-company/panaust-limited. The operation must be re-audited every three years hereafter to evaluate continuing compliance with the Cyanide Code.

The Cyanide Code is a voluntary industry program for companies involved in the production of gold using cyanide and companies producing and transporting this cyanide. It was developed under the aegis of the United Nations Environment Programme by a multi-stakeholder Steering Committee. The Cyanide 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 Cyanide 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 Cyanide Code and its implementing and administrative documents, are available at www.cyanidecode.org.
Date:
Thursday, March 21, 2013

Date:
Thursday, March 21, 2013