Stellar Diamonds submits mining licence application for Tongo Project in Sierra Leone

PUBLISHED: 29 Nov 2015 @ 10:26 | Comments (0) |

SUBMISSION OF TONGO MINING LICENCE APPLICATION AND ENVIRONMENTAL IMPACT ASSESSMENT

Stellar Diamonds plc, the London listed (LSE:STEL) diamond development company focused on West Africa, has formally submitted to the National Minerals Agency (NMA) of Sierra Leone its application for a large scale mining licence for the Tongo project. This application will be processed by the NMA and then forwarded to the Minerals Advisory Board (MAB) for consideration. The MAB, after its consideration, will then make its recommendation to the Minister of Mines for approval of the mining licence.

The final Environmental, Social and Health Impact Assessment (ESHIA) report has been submitted to the Environmental Protection Agency (EPA) for consideration. In order to complete the process with the EPA, public disclosure meetings will be held in the New Year both in the project area and in Freetown, after which the ESIHA can be approved by the EPA and the required environmental licence issued.

Chief Executive Karl Smithson commented:

“The submission of the Tongo mining licence application and ESHIA marks a key milestone in the development of the project as we make the transition from exploration to mining. Notably, as far as I am aware, this is the first large scale mining licence of any kind to be applied for since the onset of the Ebola crisis. As such this therefore also marks an important milestone for the country of Sierra Leone which needs to attract new private sector investment to contribute to its post-Ebola economic recovery. I look forward to providing further updates as these applications are processed.”

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