Trading Statement - Labrador Environmental Statement accepted


 
TIDMAYM 
 
Anglesey Mining plc        LSE:AYM 
 
6 November 2009 
 
Labrador Iron Mines Environmental Impact Statement Accepted for Schefferville 
Area Iron Ore Project 
 
Anglesey Mining plc is pleased to report that its 50% owned associate company 
Labrador Iron Mines Holdings Limited (TSX: LIM) has advised that the 
Newfoundland Minister of Environment and Conservation today announced that 
review of the Environmental Impact Statement ("EIS") for LIM's proposed 
Schefferville Area Iron Ore Project in Western Labrador has been completed. 
 
The Minister has confirmed that the EIS complies with the Environmental 
Protection Act and requires no further work under the Provincial environmental 
assessment process. The Minister has advised LIM that she will be making a 
recommendation for consideration by the Government of Newfoundland and Labrador 
on release of the Project from further environmental assessment. 
 
The EIS relates to Phase One of LIM's proposed Schefferville Area Iron Ore 
Project in Western Labrador and covers the development of the James and Redmond 
deposits, which are the first of eight separate deposits that LIM plans to 
develop in the coming years. 
 
"Acceptance of our EIS is a major step forward in LIM's Schefferville Area Iron 
Ore Project", said John F. Kearney, Chairman, at the annual Mineral Resources 
review 2009 and Provincial Mining Week in St. John's, Newfoundland, Canada. "We 
are pleased that our efforts in planning the proper development of the Project, 
recognizing the requirements of sound environmental management, social 
responsibility, the support and aspirations of the Labrador Innu and the 
policies of the Province of Newfoundland and Labrador, have been acknowledged 
and accepted by this review and recommendation". 
 
Upon Government approval and Project release LIM will progress the applications 
for the permits and licenses required for the construction of the necessary 
infrastructure for commencement of production planned for 2010. It is expected 
that these permits and licenses will be issued during the next few months. 
 
LIM intends to commence construction of infrastructure immediately upon project 
release, including re-laying a 4 km rail spur line from the mine site to main 
railroad and the construction of the major items of process plant and equipment 
ahead of assembly on site in the spring of 2010. 
 
"This successful completion of the environmental assessment process is 
particularly timely given the current outlook for both iron ore prices and 
demand. LIM is on track and we look forward to first production of direct 
shipping iron ore in the summer of 2010, in what we hope and expect will be a 
buoyant iron ore market," added John Kearney. 
 
 
About Anglesey Mining 
Anglesey Mining plc is a UK based company listed on the London Stock Exchange 
with a 50% interest in a 90 million ton iron ore project in Labrador, Canada, 
which is under active development towards mining production in 2010. The company 
also holds the Parys Mountain base metals project with a historical resource of 
7.7 million tonnes at 9.3% combined copper, lead and zinc in Anglesey, UK. 
 
For further information: 
Bill Hooley, Chief Executive            +(44) 1492 541981 
Ian Cuthbertson, Finance Director       +(44) 1248 361333

Anglesey Mining (LSE:AYM)
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