chasing news

Found this article online and found it interesting, it's nice to see the locals in Hungary are very much aware of the Horse.
http://www.bbj.hu/business/wildhorse-not-to-use-sulphuric-acid-to-extract-uranium-in-mecsek-hills_63695


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Business

Wildhorse not to use sulphuric acid to extract uranium in Mecsek Hills

MTI – Econews

Monday, July 23, 2012, 3:20 PM CET

Australia's Wildhorse Energy, which holds uranium licenses in the Mecsek Hills (SW Hungary), told MTI on Monday that concerns that sulphuric acid technology would be used at the planned uranium mine in the region are unfounded.

The company said it is already certain based on geological information that a different procedure would have to be used at the mine.

Wildhorse said it would start a campaign to provide information on the company's plans and to avoid similar misunderstandings, noting that the relaunch of uranium mining is in a preparatory phase and specific plans based on research results and impact studies are expected at the end of this year.

Econews reported earlier that the government decided in June to consider restarting uranium mining in the Mecsek Hills in the framework of a joint venture to be established by Wildhorse Energy. The government resolution named state-owned Mecsek-Öko, Mecsekérc, the state-owned Hungarian Electricity Works (MVM) and – depending on the stand of MVM – the Paks Nuclear Power Plant as participants in the joint venture.

Wildhorse's Hungarian unit was awarded exploration licences for uranium in the region in 2006.

Uranium was mined in the Mecsek Hills from the 1950s until 1997, when the activity was no longer profitable.