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Labrador Iron Receives Approval for Mine Operations

Thursday, September 16th, 2010

Anglesey Mining plc’s 41% owned associate Labrador Iron Mines Holdings Limited (TSX | LIM) is pleased to announce that it has received the Certificate of Approval for Mine Operations from the Department of Environment and Conservation of the Government of Newfoundland and Labrador for the development and operation of its Schefferville Area Iron Ore Project in Western Labrador.
The Approval covers operations for open-pit mining at James North, James South, Redmond 2B and Redmond 5 deposits; a beneficiation facility; ore, waste rock and overburden stockpiles; settling ponds; access roads; worker’s camp and other associated works.
Interim Rail Operating Permit
LIM has also been notified by the Department of Transportation and Works of the Government of Newfoundland and Labrador that it has agreed to issue an Interim Operating Permit under the Rail Service Act for LIM’s recently installed Rail Spur Line, which will facilitate rail transportation of goods and material directly to LIM’s Silver Yard site for mine and plant construction.
“Receipt of these two remaining operating permits marks the completion of the Environmental Assessment and Permitting Process for our Schefferville Area Iron Ore Project in Western Labrador,” remarked John Kearney Chairman and Chief Executive. “Mobilization and construction are now well underway and we hope to complete construction of the plant and mine preparation prior to year end 2010.” added Mr. Kearney.
(Ref 1740)

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