AMEC to conduct feasibility study and environmental impact assessment for Kingsmill Tunnel water treatment plant
14 Septiembre 2006 - 3:10PM
PR Newswire (US)
VANCOUVER, Sept. 14 /PRNewswire-FirstCall/ -- Peru Copper Inc.
(TSX:PCR / AMEX:CUP / BVL:CUP) ("Peru Copper" or the "Company) is
pleased to announce that it has commissioned AMEC to conduct a
Feasibility Study and Environmental Impact Assessment (EIA) for the
construction of a water treatment plant to treat acid drainage
water from the Kingsmill Tunnel ("the Tunnel"). AMEC is an
international engineering, design and construction company that has
extensive experience with water treatment plants. The Tunnel was
constructed in the mid-1930's by Cerro de Pasco Corporation to
drain mine workings. The Tunnel crosses beneath mining concessions
in the Morococha mining district. The water collected by the Tunnel
is highly acidic and contains quantities of certain elements which
could exceed permissible limits. The Tunnel discharges water into
the Yauli River at a rate of 1,200 liters per second. The water
then flows into the Mantaro River, which serves as a source of
irrigation for agriculture. The Company previously announced that
it had signed an agreement with Peru's Ministry of Energy and Mines
("MEM") and ProInversion to fund the construction of a water
treatment plant. Pursuant to that agreement the Company placed
US$15 million in an escrow account to fund the project and the
Company, MEM and ProInversion will work in cooperation to insure
the design, construction and operation of the plant. Charles G.
Preble, President and CEO of Peru Copper Inc., said "We are
extremely pleased to commission AMEC to conduct a Feasibility Study
and EIA for this important project. The Feasibility Study and EIA
are the first steps to the construction of the water treatment
plant which will eliminate a major source of pollution in the
area." Peru Copper is involved in the acquisition and exploration
of potentially mineable deposits of copper in Peru. On June 11,
2003, Peru Copper entered into the Toromocho Option Agreement
("Toromocho Option") with Empresa Minera del Centro del Peru S.A.
("Centromin"), a Peruvian state-owned mining company, whereby
Centromin granted the Company the option to acquire its interest in
the mining concessions and related assets of the Toromocho Project.
Cautionary Note to U.S. Investors -- The United States Securities
and Exchange Commission permits U.S. mining companies, in their
filings with the SEC, to disclose only those mineral deposits that
a company can economically and legally extract or produce. We use
certain terms in this press release, such as "mineral deposit",
that the SEC guidelines strictly prohibit U.S. registered companies
from including in their filings with the SEC. U.S. Investors are
urged to consider closely the disclosure in our Form F-1
Registration Statement, File # 333-121527, which may be secured
from us, or from the SEC's website at
http://www.sec.gov/edgar.shtml. Forward-Looking Statements:
Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors identified in the Peru Copper Inc. periodic filings with
Canadian Securities Regulators. Such forward-looking information
represents management's best judgment based on information
currently available. No forward-looking statement can be guaranteed
and actual future results may vary materially. Peru Copper does not
assume the obligation to update any forward-looking statement. Safe
Harbor Statement under the United States Private Securities
Litigation Reform Act of 1995: Except for the statements of
historical fact contained herein, the information presented
constitutes "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements, including but not limited to those with
respect to the price of copper, the timing of completion of
exploration activities and the determination and amount of
estimated mineral resources involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievement of Peru Copper Inc. to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
factors include, among others, risks related to the exploration and
potential development of the properties owned by the company, risks
related to international operations, the actual results of current
exploration activities, conclusions of economic evaluations,
changes in project parameters as plans continue to be refined,
future prices of copper, silver, molybdenum and gold, as well as
those factors discussed in the section entitled "Risk Factors" in
the Form F-1 as on file with the Securities and Exchange Commission
in Washington, D.C. Although Peru Copper Inc. has attempted to
identify important factors that could cause actual results to
differ materially, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. CONTACT: please
contact Patrick De Witt, Director of Investor Relations, at (604)
689-0234, or DATASOURCE: Peru Copper Inc. CONTACT: please contact
Patrick De Witt, Director of Investor Relations, at (604) 689-0234,
or
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