Endomines’s Pampalo Gold mine obtains renewed environmental permit

26 April 2015 (Last Updated April 26th, 2015 18:30)

Nordic mining and exploration company Endomines's flagship operation Pampalo Gold mine in Finland has obtained a renewed environmental permit.

Nordic mining and exploration company Endomines's flagship operation Pampalo Gold mine in Finland has obtained a renewed environmental permit.

The mine is located 45km north-east of the municipality of Ilomantsi in East Finland.

According to the company, the permit has been granted according to its application with some adjustments and specifications by authorities.

Within the newly received permit, the tailings area capacity can be increased to enable processing and tailings of other Karelian Gold Line deposits.

"This is a clear indicator that Pampalo Gold mine operations are environmentally sound, which the authorities have recognised."

Further to obtaining the permit, the company will be able to increase the Pampalo processing plant capacity to 450,000t per annum.

The permit is valid until further notice and the company has the option to implement the changes irrespective of possible appeal process.

Endomines CEO Markus Ekberg: "We are delighted that the permit decision has been granted basically according to our application with some adjustments.

"This is a clear indicator that Pampalo Gold mine operations are environmentally sound, which the authorities have recognised. Our commitment for 'Zero Harm' principle also for the environment is generating results."

Endomines said that the environmental bond will rise by €20,000 with the onset of the construction and by €300,000 before the use of the new tailings area.

Pampalo started operations in February 2011 and is said to be the company's first mine.

Endomines initiated production of ore from the mine in Rämepuro last year and further considering to commence mining of the gold deposit in Hosko.