News Release
posted on
Dec 13, 2007 03:16PM
Century Mining Corp (C:CMM)
Shares Issued 139,696,935
Last Close 12/12/2007 $0.29
Thursday December 13 2007 - News Release
Ms. Margaret Kent reports
COURT CONFIRMS INJUNCTION AGAINST SULLIDEN FROM ENTERING SHAHUINDO
Century Mining Corp.'s validity of the 2004 injunction against Sulliden Shahuindo S.A.C. from entering on the Shahuindo concessions has been confirmed by the Civil Court of Cajabamba in Peru and Century has demanded that the Ministry of Energy and Mining of Peru respect the terms of that injunction by rescinding any permits issued to Sulliden Shahuindo which are inconsistent with the terms of that injunction.
Following from the court's earlier decision to proceed with the physical verification of compliance by Sulliden Shahuindo with the terms of the Feb. 26, 2004, injunction prohibiting Sulliden Shahuindo from entering the Shahuindo concessions, the Civil Court of Cajabamba issued a decision on Nov. 9, 2007, that contained a stern warning to the director general of environmental issues of the Ministry of Energy and Mining of Peru. The court resolved, in that decision, to issue an official statement to the director general of environmental issues for the Ministry of Energy and Mining reminding him of his obligations to observe to comply with the terms of 2004 injunction against Sulliden Shahuindo which prohibited the granting of any permits to Sulliden Shahuindo. The court further stated that any failure by the director general to assume such legal obligations would result in his criminal denunciation.
On Nov. 26, 2007, the Civil Court of Cajabamba issued the official statement to the director general of environmental issues of the Ministry of Energy and Mining of Peru requesting confirmation of whether he has complied with the obligations specified in the terms of the injunction against Sulliden Shahuindo and reminding him of his obligations to do so.
"This is a clear reflection of what Century has been saying all along," comments Margaret Kent, president and chief executive officer of Century Mining, "that the permit issued to Sulliden Shahuindo S.A.C. has no legal foundation. It is apparent that the permit is illegal and even if the permit is not rescinded quickly, it will expire in January, 2008. It also appears evident from recent decisions of the Court of Cajabamba that the permit will not be renewed and that no new permit will be issued as a result of the valid injunction against Sulliden Shahuindo S.A.C. from entering Shahuindo."
Ms. Kent added: "We urge Sulliden shareholders to accept Century's offer, as it is their only means for accessing Shahuindo and the considerable potential this property holds. Sulliden shareholders should also urge their management to stop the double talk about litigation and our takeover bid, accept Century's offer and work with Century to build a mine at Shahuindo."