AVM 11.5% 2.9¢ advance metals limited

anvil responds

  1. KKR
    1,203 Posts.
    lightbulb Created with Sketch. 417
    Anvil Confirms That Allegations Are Unfounded
    10:41 EDT Tuesday, August 23, 2005

    PERTH, Australia, Aug. 23 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM) confirmed today the following developments in its rejection of allegations that it had knowledge of, or provided assistance to, the Democratic Republic of Congo (DRC) armed forces (known as FARDC), in the committal of any human rights violations during the suppression of a rebel insurgency in the town of Kilwa in October, 2004:

    - Following the completion of a comprehensive internal investigation and
    receipt of advice from Senior Counsel Wayne Martin QC, Anvil has no
    hesitation in announcing that:

    - The investigation was thorough and complete;

    - The allegations against Anvil are unfounded;

    - There is no credible basis for any suggestion that Anvil or any of
    its officers or employees committed the offence of bribing a
    foreign public official or aided and abetted any offences committed
    by the FARDC during the Kilwa uprising; and

    - There is no credible basis for the assertion that Anvil had any
    form of civil liability to any of the persons adversely affected by
    the actions of the FARDC.

    - Anvil repeats its previous advice that it has not been contacted by
    the Australian Federal Police or any other agency of the Australian
    Government.

    - Anvil has received a petition signed by more than 3,700 members of the
    local Kilwa community and its traditional chiefs expressing outrage at
    the allegations against the Company and calling on the international
    community to visit the area and collect reliable information.

    - Anvil's internal investigations into the incident were conducted in
    DRC in July and August following the Four Corners inferences and
    allegations and those of law firm Slater and Gordon, and included
    interviews with villagers, village chiefs, employees, local NGOs and
    local government.

    - Anvil is reviewing possible defamation proceedings against
    organizations in the DRC, Australia and UK arising from the unfounded
    allegations.

    Anvil President and CEO Mr Bill Turner said that the allegations had been a particularly distressing experience for the Company and its employees.

    "Anvil employs more than 600 local Congolese nationals and contributes substantially to the local region through social, educational, health and infrastructure programs in one of the poorest communities in the world. Anvil employees and their families wish to again express their empathy to those who may have suffered as a result of the deplorable events last year but welcome the advice that the allegations casting dispersions on them and the Company are unfounded."

    "Anvil's vehicles are for the purpose of mining and not for use by the Military. The Company is working with several NGOs to simplify and improve protocols in dealing with the Military, in line with the UK-USA Voluntary Principles on Security and Human Rights, and if a similar incident were to re-occur, local and external NGOs and the Australian, Canadian and DRC governments would be made aware of the situation immediately."

    Mr Turner said that the petition from the traditional chiefs was particularly welcome because it confirmed the Company's good standing in the local community.

    The petition stated that the local community was outraged by the allegations against the Company, without which the area would not enjoy its recently improved economic and social conditions. The Traditional Chiefs have also called on the international community to send representatives to Kilwa in order to collect reliable information and "find out what actually happened". Extracts of the petition can be viewed at www.anvil.com.au.

    %SEDAR: 00020549E

    For further information: please contact: Australia: Bill Turner, President & CEO, Tel: +61-8-9481 4700, Email: [email protected] (Perth), Company Web site: www.anvil.com.au; Craig Munro, Vice President Corporate & Finance, Tel: +61-8-9481 4700, Email: [email protected] (Perth) or Caroline de Mori, Director, Purple Communications, Tel: +61 8 9485 1254 or Mobile +61 418 919 064, Email: [email protected]; Canada: Robert La Vallière, Vice President Investor Relations, Telephone: Office (514) 448-6664, Cell (514) 944-9036, Email: [email protected]
 
watchlist Created with Sketch. Add AVM (ASX) to my watchlist
(20min delay)
Last
2.9¢
Change
0.003(11.5%)
Mkt cap ! $3.927M
Open High Low Value Volume
2.5¢ 2.9¢ 2.4¢ $36.69K 1.440M

Buyers (Bids)

No. Vol. Price($)
1 25692 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 51842 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
AVM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.