Ormonde Mining PLC - Barruecopardo Permitting Update
("Ormonde" or "the Company")
Barruecopardo Permitting Update
In its press release of
Ormonde has now been advised that in the legal review to-date, the Authorities have not identified any concerns in relation to the cancellation of the historic mining concessions and it understands that the review has now been largely completed. However, a final formal request has been made by the Authorities to obtain comment from the owners of the historic cancelled concessions in relation to the cancellation process, no response having been received in relation to its initial request. A short additional time is required for this step before the review can be completed and the new mining concession issued to Ormonde.
"Although this additional procedural step has been required to be completed prior to finalisation of the permitting process and the issuance of the new Mining Concession, we recognise, through communication with the Authorities, the importance which they place on the correct legal issuance of the new mining permit and of the continued support for the Project at all levels of the local, provincial and regional governments in
Davy (Nomad / ESM Adviser)
Eugenée Mulhern /
A glossary explaining technical terms contained in this announcement can be found at www.ormondemining.com/en/investors/technical_glossary.
For more information please visit www.ormondemining.com or follow Ormonde on Twitter https://twitter.com/ormondemining or Linkedin http://www.linkedin.com/company/ormonde-mining-plc
Ormonde's key activities include:
Barruecopardo Tungsten- Ormonde is developing a low cost mining operation at Barruecopardo to become a major, secure European supply of tungsten. Following the completion of a Definitive Feasibility Study, the Environmental Permit for the Project was received in early 2014, followed shortly thereafter by the signing of a 5 year offtake agreement with Noble Group, with Noble committing to purchase 100% of the tungsten produced at the Project during its initial five years of operation.
Gold Projects in several highly prospective areas of western
This information is provided by RNS
Quick facts: Ormonde Mining PLC
Market Cap: -
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE