Worse than that; INF had their exploration licence revoked. INF management argue that this is a paperwork dispute that was resolved years ago but nevertheless it shows the level of local opposition to their open cast mine. It remains to be seen whether the money can be found to buy off the protagonists and proceed with what would be a locally and nationally important project. It also underlines how important ESG is these days. Cinovec, however, is an historic mine in an area where intense mining is the norm, it is an underground mine with a lot of local support within population and government. There are substantial coal mines in the area which are in the last throes of their existence and an able and willing workforce; the project is being welcomed.
EMH Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
