"During the period, the Public Authority of Mining approved the project with issuance of a mining licence now pending, subject to permitting by the other regulatory authorities. The Ministry of Environment and Climate Affairs (‘MECA’) have issued instructions asking for the Environmental Impact Assessment (EIA) report (originally submitted in 2013 by a consultancy firm approved by MECA) to be submitted through a consult ant listed on MECA’s 2017 register. MECA also advised that new regulations require MECA to provide its response to the EIA within 30 days of submission."
so the license has already been approved in principle, and the Environmental Report had already been indicatively endorsed last year, but needed to be relodged, an the response MUST be within 30 days.
In other words the final no objection letter should be done by the end of next week and the licenses can be stamped. This gives ample time for mine construction to commence given the $6m prepayment is already secure.
This report sounds really celebratory, more than hopeful.
AUQ Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
