Tertiary Minerals PLC Storuman Mine Permit Appeals (4242T)
March 29 2016 - 9:20AM
UK Regulatory
TIDMTYM
RNS Number : 4242T
Tertiary Minerals PLC
29 March 2016
Tertiary Minerals plc ("Tertiary" or "Company")
29 March 2016
Storuman Mine Permit Appeals
Tertiary Minerals plc, the AIM traded company building a
strategic position in the fluorspar sector, has been informed by
the Swedish Mining Inspectorate that two appeals have been lodged
against the Exploitation (Mine) Permit for the Storuman fluorspar
project in Sweden (granted on the 18 February 2016). The appeals
have been submitted by the Sami Reindeer Husbandry Community and
Urbergsgruppen, a Swedish environmental action group who oppose all
mining activities throughout Sweden.
The appeals will be decided by the Swedish Government following
their review of information from the original Exploitation (Mine)
Permit application made by the Company, the Mine Permit approval,
the appeal documents and all key stakeholder groups, including:
-- Landowners
-- Storumans Kommun (local municipality/council)
-- County Administrative Board of Västerbotten (regional council)
-- Trafikverket (Swedish transport administration)
-- Vattenfall (Swedish electricity producer)
-- Skanova (Swedish telecommunications provider)
-- Sami Reindeer Husbandry Community
The Company is expecting the appeals to be rejected for the
following reasons:
-- 6 of the 7 key stakeholder groups have given their support
for the Storuman fluorspar project
-- The project will provide critical regional economic growth
and employment opportunities - supporting regional development
plans
-- Fluorspar is classified as a critical raw material by the
European Commission - a key factor taken into consideration by the
Swedish Mining Inspectorate when awarding the Exploitation (Mine)
Permit
The time frame in which the Swedish government will deal with
the appeals is unknown at this stage and the Company will provide
updates on the progress as and when information becomes
available.
Enquiries
Tertiary Minerals plc
Richard Clemmey, Managing
Director
Patrick Cheetham, Executive
Chairman +44 (0) 1625 838 679
SP Angel Corporate Finance
LLP
Nominated Adviser & Joint
Broker
Ewan Leggat/Tercel Moore +44 (0) 20 3470 0470
Beaufort Securities Ltd
Joint Broker
Elliot Hance +44 (0)20 7382 8300
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
mineral exploration and development company building a significant
strategic position in the fluorspar sector. Fluorspar is an
essential raw material in the chemical, steel and aluminium
industries. Tertiary controls two significant Scandinavian projects
(Storuman in Sweden and Lassedalen in Norway) and a large deposit
of strategic significance in Nevada, USA (MB Project).
CAUTIONARY NOTICE
The news release may contain certain statements and expressions
of belief, expectation or opinion which are forward looking
statements, and which relate, inter alia, to the Company's proposed
strategy, plans and objectives or to the expectations or intentions
of the Company's directors. Such forward-looking statements involve
known and unknown risks, uncertainties and other important factors
beyond the control of the Company that could cause the actual
performance or achievements of the Company to be materially
different from such forward-looking statements. Accordingly, you
should not rely on any forward-looking statements and save as
required by the AIM Rules for Companies or by law, the Company does
not accept any obligation to disseminate any updates or revisions
to such forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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