KRM 2.86% 3.6¢ kingsrose mining limited

Rio Tinto kicked out from Rautalampi - KRM in, wants to fight?

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    The kings of mining, Rio Tinto, were beaten in Rautalampi by landowners and municipality.
    Rio Tinto spend a lot for flight measurements and prospecting with huge reservations but retreated without drilling one meter.
    The company stated: "geologiset tiedot eivät tukeneet yhtiön jatkosuunnitelmia" meaning
    "geologic information did not support continuation plans of the company".
    https://yle.fi/a/74-20009036

    New mining law gives more power to landowners and municipalities
    It would appear that major reason was the heavy resistance by the landowners and the Rautalampi municipality

    Based on the changes 1.6.2023 in the mining law:
    https://www.finlex.fi/fi/laki/ajantasa/2011/20110621

    1) acceptance of landowners corresponding to 50% of the area (61 a§)
    would be needed for new exploration licenses after 10 years of exploration.
    There is almost 1000 people on a Facebook group of Pro Rautalampi against the Rio Tinto plans
    in a municipality of less than 3000 people
    https://www.facebook.com/rautalamminpuolesta

    2) for a mine a land plan for a mine by municipality would be needed (47§)
    "Rautalammin kunnanvaltuusto päätti maaliskuussa 2021, että kunta vastustaa uusia malminetsintälupia."
    "The municipality council decided in March 2021, that the municipality will resist new exploration permits"
    https://yle.fi/a/74-20009036

    Now Kingsrose (the jokers in mining?) has bought reservations in Rautalampi-Suonenjoki, partially in same regions
    which were given up by Rio Tinto. See links to reservation notices at the end. There is also a new large reservation
    in middle Finland.
    They have not discussed with locals.
    Welcome is expected to be as warm if not even hot as with Rio Tinto.

    One may wonder what is the point of applying rights in municipalities where exploration will end at least after
    10 years and mine will not get a land plan?
    The answer is obviously to attract investor money as the risk of investors getting real information about the risks is low.

    Element-46 got kicked out from Finland
    It appears that Kingsrose is specialized on non-sustainable projects.
    The company providing the projects, Element-46 with daughter Pallagen, was laughed out of Finland.
    They applied a reservation on the lake Päijänne but cancelled the application, because
    furious protests and threat of major court case.
    https://yle.fi/a/3-11937656
    Pallagen even tried Osikonmäki, which has killed several exploration companies, before disappearing
    and selling assets to Kingsrose.

    Penikat has problems
    project would not have been available from Suhanko project if exploration targets would be realistic
    It has also multiple problems such as obstacles from legal Natura processes and
    resitstance from powerfull Nature conservation
    https://www.lapinkansa.fi/ei-kaivosta-suojelualueelle/4576795
    and wandering societys
    https://www.pohjoisenpolut.fi/australialaisyhtio-haluaa-etsia-metalleja-martimoa/4546949
    but this may need a separate posting.



    Applicant Municipality Code Date Stage of handling
    Päätös= decision
    Kingsrose Exploration OyRautalampi, VesantoVA2023:005812.09.2023Päätös annettu
    Kingsrose Exploration OyRautalampi, SuonenjokiVA2023:005912.09.2023Päätös annettu
    Kingsrose Exploration OySuonenjoki, RautalampiVA2023:005712.09.2023Päätös annettu
    Kingsrose Exploration OyPyhäjärvi, Haapajärvi, Reisjärvi, Lestijärvi, PihtipudasVA2023:004214.06.2023Päätös annettu
    Kingsrose Exploration OyKeminmaaVA2021:006922.12.2021Päätös annettu
    Kingsrose Exploration OyKeminmaaVA2021:006509.12.2021Päätös annettu
 
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