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Environmental Permits Issued for Oman Project
Environmental Permits Issued for Oman Project.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5025W Savannah Resources PLC 15 November 2017 \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n \n15 November 2017\nSavannah Resources Plc\nEnvironmental Permits Issued for Mahab 4 and Maqail South\nOman Copper Project\n \nSavannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, is pleased to announce the issuance of environmental operating permits for both the Mahab 4 and Maqail South mining licence applications in Oman by the Ministry of Environment and Climate Affairs ('MECA'). Savannah is a 65% shareholder in the Omani company Al Fairuz Mining, the holder of the Block 5 licence which includes these two high-grade copper deposits. To view the press release with the illustrative maps and diagrams please use the following link:\n\nhttp://www.rns-pdf.londonstockexchange.com/rns/5025W_-2017-11-14.pdf\n \nHIGHLIGHTS:\n· Environmental operating permits issued for the Mahab 4 and Maqail South mine developments\n· Regulatory approval or \"No Objection\" received from six out of eight Ministries for the Maqail South and Mahab 4 Mining Licence applications\n· Excellent progress towards the grant of mining licences for the first two of a planned series of high grade copper mine developments in Oman\n· Final Ministerial approvals expected to be received before the end of 2017 and the Mining Licences in early 2018 by Public Authority for Mining\n \nDavid Archer, Savannah's Chief Executive Officer said today \"The award of environmental operating permits marks a major breakthrough for our 2018 development plans for the mining of the high-grade copper deposits at Mahab 4 and Maqail South. MECA's environmental clearance is expected to be factored positively into the approval process of the remaining Ministries.\"\n \nFigure 1. Project Location Map (see PDF)\n \nThe process for permitting mining activities in Oman is administered through the Public Authority for Mining ('PAM'). Upon submission of the mining licence application, approval or (no objection) is required from eight Ministries and PAM for the licence to be granted. Savannah has now received no objection letters from six of the required ministries for the...