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Ariana Resources PLC Kiziltepe Mining Licence and Permit Renewal


Friday, 4 Apr 2014 03:15am EDT 

Ariana Resources PLC:Announces an update on permitting for its Kiziltepe gold-silver mine, part of the Red Rabbit Project, which it holds in a joint venture with Proccea Construction Co.Says mining licence containing the Kiziltepe gold-silver mine has been extended for a further five plus 15 years by the General Directorate of Mining Affairs (GDMA).Mining permit for gold and silver attached to the new mining licence has also been granted.Kiziltepe mining licence and mining permit were due for renewal by Oct 2014.Under the present permitting process it was logical to accelerate the renewal before applications for forestry permits, in particular, were made.GDMA has issued the relevant licence renewal for an initial five years from April 2 which will be extended automatically for a further fifteen years in the event that mining commences within the first five year period. 

Company Quote

0.85
-0.075 -8.57%
17 Jul 2014