RTTNews reported that Kazakhstan gold mining company Hambledon Mining plc (received preliminary information regarding a previously announced fine for environmental damage caused by a rupture to the liner in tailing dam No.3.

The company has been imposed a fine of approximately GBP 1.17 million. The letter didn't intimate any specific time period for payment of the fine.

Hambledon said that it is appealing against the level of fine and is confident that it will be reduced. A court hearing on December 26th 2011 was adjourned and is expected to be held on or about January 5th 2012.

The total amount of the fine will be expensed in Hambledon's accounts for the year ended December 31st 2011.

(Sourced from RTT Staff Writer)