I cannot claim to be knowledgeable in this but short answer is we will require a mining licence. Some of the prerequisites for application are -
Environmental impact reports: Dry and Wet Season studies completed. Environmental, Social and Health Impact Assessment (ESHIA) is due for completion by end of 2017.
Land Use Agreements / Access Licences: Agreements and relocation / compensation for local occupants. These should be relatively straightforward, Google Earth shows no signs of villages or land cleared for agriculture on lease 5336, where TON's Ancuabe resources are located.
There are various requirements for domestic ownership and employment, royalties and value adding. Further reading - http://www.shearman.com/~/media/Fil...-Mining-Law--A-ReBalancing-Act-PDF-102714.pdf http://www.eisourcebook.org/cms/February 2016/Mozambique Mining Law 2014.pdf
TON Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
