Anaconda Mining Inc.

$45,000 for military families in need.We’ve also donated the gold for the championship rings for the 200th anniversary of the Royal St. John’s Regatta which happened in August.We’re pretty active all around Newfoundland.” Angelo adds that Anaconda is also attempting to be a good environmental steward, exploring and promulgating sustainable practices when- ever and wherever possible. “We had a green initiative where we sold about three million tonnes of our mine waste rock as a construc- tion aggregate product,” he reports. “We were able to remove waste from our sites and make a cost center into a profit center. We’re looking at ways to repurpose our tailings; we’ve got about two-plus million tonnes of tailings – all the leftovers after we process the gold at the mill. There’s a potential application to use this finely ground material as an agricultural prod- uct, like a soil amendment to help enhance plant growth. We’re looking at that because it would remove the tailings from the property. We could then take down the facilities in which the tailings are housed, so, we would reduce our environmental footprint from that perspec- tive. “In the past, we’ve done some habitat com- pensation projects – building streams and ponds as we’ve mined different areas and put back these habitats in other areas, nearby. One of the interesting things we’re doing is a big re- search and development project with Memorial ...clean air solutions since 1988. DESIGN•SUPPLY•INSTALL We Specialize In: Dust Collection•Vehicle Exhaust Pneumatic Conveyors•Vacuum Systems Bag Houses•Noise Enclosures & More 800.561.5766•sales@aircleaning .ca www.aircleaning .ca ANACONDA MINING, INC. PREFERRED VENDOR n Atlantic Air Cleaning Specialist Ltd. www.aircleaning.ca University in St. John’s, where we’re trying to commercialize a better technology for extract- ing ore from narrow-vein, underground deposits that are not economical to mine using conven- tional mining tools. So, there’s an environment element to that too, because we’re looking for a way to extract the ore but leave the waste. There would be very minimal development work and it would be all about mining the ore directly. Those are some of the things that we’re work- ing on.” Over the next several years, Angelo says that Anaconda will continue to focus on its assets in Atlantic Canada: “We have a beachhead there, where we have a lot of operating infrastructure. We have a high performing mill that’s doing about 1,300 tonnes a day; we have lot of man- agerial talent there; we’ve built a port for the export of waste rock and we want to use that port, as well, to import ore. We want to stay in the Atlantic Canada region, hence the Orex deal, which is in Nova Scotia. We’re focused on trying to acquire other projects to have a min- eral resource portfolio at such a size that we can see our way to making it to 100,000 ounces per year of production. We are still committed to the mergers and acquisitions side in trying to grow our business, because we think there are still a lot of attractive properties in Atlantic Canada. So, if we’re going to expand any more in terms of acquisition, I think it will probably be within the Atlantic Canada region.”