The International Cyanide Management Institute (ICMI) announced today that Petaquilla Gold S.A. has been removed as a signatory to the International Cyanide Management Code (Cyanide Code) for nonpayment of the required annual fee and failure to maintain the certification of its Molejon Mine in Panama. The company’s participation in the program has ended. To remain in good standing, signatories to the Cyanide Code are required to pay annual fees to support ICMI’s activities administering the Cyanide Code; the 2015 fees were due at the end of February 2015. Additionally, signatories are required to have their operations audited for compliance with the Cyanide Code every three years by an independent third-party auditor. ICMI has not received an audit report for the Molejon Mine since it was certified on April 16, 2012.
The Cyanide Code is a voluntary industry program of best practice for companies involved in the production of gold using cyanide and companies producing and transporting this cyanide. The full list of current Cyanide Code signatories is available at http://www.cyanidecode.org/signatory-companies/directory-of-signatory-companies.
ICMI is a non-profit organization established to administer the Cyanide Code, promote its adoption, evaluate its implementation, and manage the certification process. The full text of the Code and its implementing and administrative documents, are available at www.cyanidecode.org.
Date:
Friday, July 10, 2015