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Midnight Sun Mining Corp. V.MMA

Alternate Symbol(s):  MDNGF

Midnight Sun Mining Corp. is a Canada-based exploration company. The Company is focused on exploring its flagship Solwezi Project, located in Zambia. Its property is situated in the heart of the Zambian Copper Belt. It holds a 60% interest in two mineral exploration licenses, 21509-HQ-LEL and 12124-HQ-LPL, (the Solwezi Licenses), which are held by subsidiary of Kam Chuen, Zambian Highlight Mining Investment Limited (ZHMI). The Solwezi mineral exploration licenses in Zambia covers approximately 506 km2 and is located adjacent to the copper mine in Africa, First Quantum's Kansanshi copper/gold mine. Its target areas include Dumbwa, Mitu, Kazhiba (22 Zone) and Crunch Zone. The 22 Zone is situated approximately 20 kilometers (km) northwest of the Solwezi Dome and is less than 10 km from the western mine gate of the Kansanshi Mine complex. Mitu is located in the southwestern portion of the Solwezi Project and features ore shale type mineralization on the flank of the Solwezi Dome.


TSXV:MMA - Post by User

Post by Magnum2on Jan 19, 2023 12:46am
351 Views
Post# 35232386

The Worlds' largest producer/Chile of Copper

The Worlds' largest producer/Chile of Copper "says NO to a new Copper/Iron Ore Mine"....pretty soon it will be easier to keep track of the Countries that will allow Mining development.

Chile just joined Venezeula, Colombia, Peru and many others in Central and South America that are either re-hashing existing contracts or out right refusing new projects, this one being in the ninth inning of approval.

Chile mining industry regrets govt veto of Dominga project permit

Kitco News

SANTIAGO, Jan 18 (Reuters) - Chile's mining industry said Wednesday it regretted the government's decision to reject an environmental permit for the Dominga iron-copper project, saying political considerations had overshadowed technical aspects of the proposal.

The rejection came from the Committee of Ministers, a government panel that reviews disputes over investment projects, earlier on Wednesday.

The president of the National Mining Society (Sonami), Jorge Riesco, said in a statement the project was technically sound, and its delay was due to political considerations that had influenced the veto decision.

"More than a technical decision, the determination seems to be the fulfillment of a commitment assumed during the presidential campaign," Riesco said. "Therefore, it was very difficult for his ministers to contradict the president and approve the investment."

In his first speech after winning the presidency, President Gabriel Boric voiced his opposition to the project, located near protected maritime zones in the north of the country.

Environment Minister Maisa Rojas earlier on Wednesday said the committee voted unanimously to reject the project after considering its potential impact on wildlife, water sources, air quality and marine-protected areas.

Riesco stressed the need for legal certainty and the need to send clear signals to investors, considering that the mining sector has a portfolio of more than $70 billion in Chile, the world's largest copper producer.

During a press conference explaining the decision, the Minister of Economy, Nicolas Grau, dismissed the idea that the decision on Dominga could impact broader investment in Chile.

"When you see the wide range of investment projects that are being developed in the country, you see that this protection of the environment, and more specifically our contribution to the fight against the climate crisis, outside of being an obstacle,
will be an opportunity and a catalyst for both national and foreign investment," Grau told reporters.

(Reporting by Fabin Andrs Cambero, editing by Natalia Ramos and Bernadette Baum)

+569 62479675;))


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