AEE 3.70% 14.0¢ aura energy limited

Tiris project is permitted to mine , also Mauritania's...

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    Tiris project is permitted to mine , also Mauritania's government are a stakeholder in the project and the Minister for Petroleum,Mines and Energy has stated they would like to see up and running due to the revenue it will bring in.

    This is from the minister last month.

    Minister of Petroleum, Mines and Energy Excellency Abdessalam Ould Mohamed Salah

    Mauritania recognised the importance of mineral wealth and how projects such as Tiris provide revenue for the state, employment, training, and technology that benefits all Mauritanians.“The agreement between Mauritania and Aura Energy for the development of this significant uranium project is part of the government’s strategy in the joint development of mining and energy projects in the region in oil, gas, uranium or other recoverable mineral substances.
    Mining Convention and Shareholder’s Agreement
    The Mining Convention between the Mauritanian Government and Aura provides stability and defines the legal and economic conditions that allow mining activities to occur over a period of 30 years.
 
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