Mr. Robert Baldock reports
MONUMENT EXPOSES GOLD THIEVES AT SELINSING GOLD MINE
Monument Mining Ltd. has broken up a gold-stealing syndicate at the Selinsing
gold mine in Malaysia. The company has called in the Malaysian police
for an immediate investigation and engaged Gold Security Group from
Perth, Australia, to work with the police and to review and strengthen
security measures at the gold mine.
The Malaysian police have made several arrests to date with the alleged
suspects being held in custody. At this time the theft appears to be an
organized crime involving mine employees. The local Malaysian police,
which is heading up this investigation, is working with the full
co-operation of the company and has asked the company to limit
information released to the market due to the sensitivity of the
information to the investigation. The company will therefore make no
further comments until the matter is completed.
In the meantime the company has executed an action plan to enhance gold
security at the Selinsing mine and is therefore conducting its own
review of its security system and its internal controls. In the
opinion of the company, this incident will not impact the production
performance for the year ended June 30, 2012.
We seek Safe Harbor.
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