Cambior: Mill Incident and Reduced Throughput at Rosebel Gold Mines.LONGUEUIL, Quebec -- At 6:00 a.m. (Eastern time) this morning, a leakage developed in the foundation of the thickener thick·en tr. & intr.v. thick·ened, thick·en·ing, thick·ens 1. To make or become thick or thicker: Thicken the sauce with cornstarch. The crowd thickened near the doorway. 2. at the Rosebel mill. The leakage was contained within safety berms and ponds and the thickener was pumped empty, towards the tailings Tailings (also known as tailings pile, tails, leach residue, or slickens[1]) are the materials left over[2] after the process of separating the valuable fraction from the worthless fraction of an ore. pond and mill operations were temporarily suspended. The leakage was entirely contained within the millsite and had no impact on the environment. It will take some time to assess the exact damage to the thickener and organize repairs. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , modifications will be made to the mill circuit to go directly from the grinding to the leaching circuits and operations will resume at reduced tonnage with sub-optimal recoveries. A conference call will be held at 10:45 am Eastern time today Monday, November 21, 2005, to share preliminary information on the situation. Financial analysts are invited to participate in the call by dialling 1-800-440-1782 in North America. Outside of North America, please dial (416) 641-6451. Media and all other interested individuals are invited to listen to the live webcast on the Company's website at www.cambior.com or CCNMatthews' at www.ccnmatthews.com/cambior. The conference call will be available for replay for a period of 48 hours by calling (416) 626-4100, reservation #21269568. The webcast will also be archived on the Company's website. Cambior Inc. is an international gold producer with operations, development projects and exploration activities throughout the Americas. Cambior's shares trade on the Toronto (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension ) and American (AMEX AMEX See: American Stock Exchange ) stock exchanges under the symbol "CBJ CBJ Columbus Blue Jackets (NHL team) CBJ Central Bank of Jordan CBJ Conflict-Directed Backjumping CBJ Circuit Board Jack CBJ Code-Breakers Journal CBJ Class Broker for Java CBJ Color Bubble Jet ". Cambior's warrants "CBJ.WT.C" and "CBJ.WT.D" trade on the TSX. Caution Concerning Forward-Looking Statements This press release contains certain "forward-looking statements", including, but not limited to, statements concerning duration of the suspension of mill activities, the nature and extent of damage to the thickener, timing of the start of repairs, the effectiveness of the modified mill circuit and the impact on tonnage and recoveries. Forward-looking statements involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, among other things, but without limitation, those set forth in Cambior's 2004 Annual Information Form filed with the Securities Commissions of all provinces in Canada, and with the United Stated Securities and Exchange Commission (under Form 40-F), as well as the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . Cambior Inc. (TSX:CBJ) (AMEX:CBJ) |
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