Replies to post #810 on IAMGOLD Corp (IAG)

[Tripledog]

IAMGOLD to build Solar Project in Suriname

TSX: IMG NYSE: IAG

TORONTO, Nov. 27, 2013 /CNW/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") announced today that IAMGOLD and/or its subsidiary, Rosebel Gold Mines N.V. ("RGM") will fund the development and operation of a solar power project (the "Solar Project") with an installed capacity of five (5) megawatts in Suriname. The Solar Project is delivering on a prior commitment to the Government of Suriname, which was made in connection with a prior deal that significantly lowered the Company's cost of power.

The cost to build the Solar Project is expected to be in the range of $12 million to $14 million, including the work necessary to prepare and provide access to the site. It is planned to be operational at the start of the third quarter of 2014. The Solar Project will be managed and operated by RGM, with all electric power being used at the RGM site, and will interconnect to Suriname's electric power grid system.