Amara Mining PLC: Granting of Environmental Permit for SEGA Project
21.05.2013 | Marketwired
LONDON -- (Marketwired) -- 05/21/13 --
AIM:AMA / TSX:AMZ
Amara Mining plc
("Amara" or "the Company")
GRANTING OF ENVIRONMENTAL PERMIT FOR SEGA GOLD PROJECT
Amara Mining plc, the dual AIM and TSX-listed West African focused gold
mining company, is pleased to announce that it has been granted the
Environmental Permit for its Sega Gold Project ("Sega") in Burkina
Faso, 20km to the north of its Kalsaka Gold Mine ("Kalsaka"). This is
a major achievement in the integration of Kalsaka and Sega, which is
expected to ensure that Amara continues production in Burkina Faso
until at least 2015 based on Sega's current Mineral Resources, as
demonstrated in the Preliminary Economic Assessment.
Local leaders were intimately involved in the formulation of Amara's
Resettlement Action Plan ("RAP"), which has been accepted by the
Burkina Faso Government. The first phase of the RAP is expected to be
implemented shortly and the Company foresees no difficulties in this
step.
As announced on 30 April 2013, Amara received the environmental and
construction permits for the haul road to connect Kalsaka and Sega in
advance of the full Environmental Permit. A contractor has been
appointed to build the road and construction work has now begun on the
Sega licence area. The new jaw crusher has been installed at Kalsaka
and the additional crushing circuit, which will be installed at Sega,
has arrived at Kalsaka. Amara is going to apply to the Government for
permission to begin the installation of the crushing circuit at Sega in
advance of a decision regarding the award of the Mining Licence in
order to expedite the process of bringing Sega into production.
Following the receipt of the Environmental Permit, Amara will now apply
for the Mining Licence, which is anticipated to be granted
approximately six weeks after the Environmental Permit. The mobile
mining fleet at Kalsaka will then be moved to Sega and it is expected
that this will enable mining to commence at Sega during Q3 2013.
Click on, or paste the following link into your web browser, to view
the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/1600F_1-2013-5-20.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
END
Contacts:
RNS
Customer
Services
0044-207797-4400
Email Contact
http://www.rns.com