Monument Permitted to Operate During MCO Period at the Selinsing Gold Mine in Malaysia

Nachrichtenquelle: globenewswire
01.05.2020, 06:39  |  248   |   |   

VANCOUVER, British Columbia, May 01, 2020 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) announces that the approval for Selinsing Gold Mine to resume full operation during the movement control order (“MCO”) period has been received today. The Company is now preparing staff to return to work safely under certain conditions.

CEO and President Cathy Zhai said: “After six weeks suspension of the production, our employees are excited to be able to go back to work. Employees’ health and safety is our first priority. The operation will be started in stages in compliance with the Standard Operating Procedures in full force.”

The MCO was given by Malaysian Prime Minister effective March 18, 2020, and has being extended to MCO phase 1, 2, 3 and now phase 4 till May 12, 2020 as a preventive measure against the Covid-19 Pandemic. The Company had since applied for relief from the mining ban. During the MCO phase 4 period the mining ban has been lifted from certain companies. The permitted operations have now also been allowed up to full capacity to rebuild the economy.  

About Monument

Monument Mining Limited (TSX-V: MMY, FSE:D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is advancing several exploration and development projects including the Mengapur Copper and Iron Project, in Pahang State of Malaysia, and the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra in the Murchison area of Western Australia. The Company employs approximately 195 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.

Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
     Vancouver, BC V6E 4A6

FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:

Richard Cushing, MMY Vancouver            T: +1-604-638-1661 x102                rcushing@monumentmining.com

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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