Business
Tavsan Mine Construction Update
Tavsan Mine Construction Update.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 3 March 2023\n \n \n AIM: AAU\n \n \n \n TAVSAN MINE CONSTRUCTION UPDATE\n \n \n \n Ariana Resources plc (\"Ariana\" or the \"Company\"), an AIM-listed mineral exploration and development company with gold mining interests in Europe, provides the following update on construction progress at the Tavsan Mine (\"Tavsan\" or \"the Project\"). The Project is operated by Zenit Madencilik San. ve Tic. A.S. (\"Zenit\") in partnership with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana.\n \n \n The Company was recently made aware that a local court, the Kütahya Administrative Court, determined to rule in favour of a motion to temporarily suspend the construction activities of Zenit at the Tavsan mine site until a new expert report relating to the Environmental Impact Assessment (\"EIA\") is submitted to the court. This motion has resulted in an interim decision (\"the Decision\") which provides a temporary stay on the provisions of the \"Environmental Impact Assessment Positive\" status of the Project issued by the Ministry of the Environment, Urbanisation and Climate Change, dating to 8 October 2021. \n \n \n Following the Decision, Zenit has determined to temporarily suspend construction activities at the Tavsan mine site to comply with the judgement. However, various development activities which are not subject to the Decision are currently expected to continue in the vicinity, including local road displacements, water pipeline construction and boundary fence installation, in accordance with all applicable requirements and regulations. In addition, drilling activities are currently continuing at the site with over 3,715m completed for 35 drill holes since the commencement of the most recent programme in November 2022.\n \n \n The execution of the EIA provisions will now remain suspended until a future decision is made through the local court following the appointment of a new expert committee, the committee discovery process and the preparation of a new report for submission to the Kütahya Administrative Court.\n \n \n \n Dr. Kerim Sener, Managing Director, commented:\n \n \n \n \n \"While this is disappointing news for the construction of our second mine at Tavsan, which will result in some delay to the completion of ...