Stellar’s Tongo mining application under review by Mineral Advisory Board
JOHANNESBURG (miningweekly.com) – Aim-listed Stellar Diamonds continues to progress the mining licence application for its Tongo Dyke-1 project, in Sierra Leone, informing the market on Thursday that the application had been processed by the National Minerals Agency and was currently under review by the Minerals Advisory Board (MAB).
Public disclosure meetings had, meanwhile, been held in relation to the environmental licence application, while Stellar had submitted the environmental-, social- and health-impact assessment (Eshia).
While the Environmental Protection Agency (EPA) would now consider the final Eshia report, representatives of the company would engage with local stakeholder groups to finalise surface rental and community development agreements.
The final part of the Eshia approval process would then be the discussion and agreement with the EPA on the fees related to the granting of the environmental licence.
“Good progress continues to be made towards the approval of the mining licence for our 1.45-million-carat Tongo Dyke-1 project. While we await the formal granting of this, we are considering appropriate funding structures for the future commercial development of the mine to take advantage of the robust economics demonstrated in last year’s preliminary economic assessment (PEA), which supports the development of an openpit and subsequent underground mine.
“It is hoped that the mining licence application will be tabled by the MAB at the next available opportunity, though the timing of this is outside of Stellar’s control. As previously reported, the MAB, after due consideration, then makes its recommendation to the Minister of Mines for the approval of the mining licence,” commented CEO Karl Smithson.
The Tongo Dyke-1 project had a Joint Ore Reserves Committee-compliant resource of 1.45-million carats, with a PEA having determined robust economics for an 18-year mine life.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation