Business
Storuman Mining Permit Update
Storuman Mining Permit Update.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 6871Q Tertiary Minerals PLC 02 March 2016 \n\n02 March 2016\n \nTertiary Minerals plc \n(\"Tertiary\" or \"the Company\")\n \nStoruman Mining Permit Update\n \nTertiary Minerals plc, the AIM-traded company building a strategic position in the fluorspar sector, is pleased to provide further details of the Storuman Exploitation (Mine) Permit approved by the Swedish Mining Inspectorate on 18 February 2016. \n \nKey Points\n \n· The exploitation permit is valid for 25 years from 18 February, 2016\n· Name of the Mining concession area: Kyrkberget K nr.1\n· The exploitation permit has been granted to extract fluorspar under the Swedish Minerals Act (1991:45) and, with regards to the question of localisation, the Swedish Environmental Code (1998:808)\n· The exploitation permit covers 184.13 hectares\n· 500,000 Swedish Krona must be paid to the Mining Inspectorate prior to the commencement of mining operations as economic security for the rehabilitation measures after the mine is closed\n· An application for land allocation must be made according to the Minerals Act before any land can be used for the mine according to the permit\n· The concession area is predominantly limited to the area of the proposed open pit\n· The Swedish Mining Inspectorate has granted the Permit by giving precedence to the national interest of minerals over the national interest of reindeer herding\n· The decision may be appealed to the Swedish Government, the deadline for filing an appeal is 24 March, 2016.\n· If the decision is appealed, it will not be final until the Government has made a final decision in the matter\n \nAn updated map showing the location of the Exploitation (Mining) Concession area and key infrastructure is available on the Company's website:\n \nhttp://www.tertiaryminerals.com/projects/fluorspar-projects/storuman\n \n\n\n\n\nEnquiries\n \nTertiary Minerals plc\nPatrick Cheetham, Executive Chairman \nRichard Clemmey, Managing Director\n\n\n \n \n+44 (0)1625 838 679 \n\n\n\n\n \nSP Angel Corporate Fin...