RBC Report.First Uranium: Waste storage permit granted
March 1, 2010
By Asha Speckman
Things would get better for First Uranium following the approval of its environmental permit last week, RBC Capital Markets resources analyst Leon Esterhuizen said.
The North West Department of Agriculture, Conservation, Environment and Rural Development has approved the company's application to construct a tailings storage facility at its mine waste solutions plant near Stilfontein.
The department had initially rejected the application. Recently, it said First Uranium violated the law by starting the project before the permit was awarded.
Esterhuizen
said it was positive that the new board could sort out this critical issue so quickly. - Asha Speckman