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Elemental Minerals Announces Award of Mining License for the Sintoukola Potash Project
PERTH , Australia , Aug. 15, 2013 /CNW/ - Elemental Minerals Ltd. (ASX, TSX: ELM) ("E...
About this update from Element Lifestyle Retirement Inc.
[{"type":"text","content":"\n\n\nPERTH, Australia, Aug. 15, 2013 /CNW/ - Elemental Minerals Ltd. (ASX, TSX: ELM) (\"Elemental\" or \"the Company\") is pleased to announce\n the award of the Mining License for its Sintoukola Potash project in\n the Republic of Congo (\"RoC\").\n\n\nThe award of the mining license marks another positive step in the key\n permitting requirements and taken in conjunction with the expected\n approval of the application for the Environmental and Social Impact\n Assessment (ESIA) Permit, will mark the completion of the key\n permitting stage. The ESIA application was submitted to the Ministry of\n Mines on 17 December 2012.\n\n\nThe mining license includes the area containing the Mineral Reserves and\n Resources defined in the Company's Pre-feasibility Study, released in\n September 2012 and covers an area of 205 km2, approximately 15% of the existing Exploration Licence of 1,408km2.\n\n\nCommenting on the award Elemental's CEO, Iain Macpherson, stated:\n\n\n\"This timely approval continues to demonstrate the support for the high\n quality Sintoukola Potash project. The mining license is another\n positive step in the development of the project and puts Elemental in a\n strong position to begin construction once our engineering and\n feasibility work is completed. It also emphasises the seriousness with\n which the RoC Government is committed to the development of mining\n assets in the region.\"\n\n\nElemental recently announced the award of an extension of its\n exploration licence for an additional two years. This allows the\n Company to continue exploring the highly prospective Dougou and other\n targets within its 1,408 km2 holding.\n\n\nAbout Elemental Minerals\n\n\nElemental Minerals Limited (ASX/TSX: ELM) is an advanced mineral\n exploration and development company that aims to grow shareholder value\n through its 93%-owned Sintoukola Potash Project. The Sintoukola project\n has the potential to be among the world's lowest-cost potash producers\n and its strategic location near the coast of Central Africa offers a\n transport cost advantage to key Brazilian and Asian fertilizer markets.\n For more information, visit www.elementalminerals.com.\n\n\nElemental announced on 1 July 2013 that the Company and Dingyi Group\n Investment Limited (\"Dingyi\"), a company incorporated in Bermuda and listed on the Hong Kong Stock\n Ex...