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 consultant 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.
MECA is the last agency to provide approval, so the mining license is just a formality now. I would be shocked beyond belief if we do not have the license by the end of the month (if not sooner).
AUQ Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
