Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

First Uranium Corporation T.FIU



TSX:FIU - Post by User

Post by Hmmmmmmmon Sep 16, 2011 1:10pm
230 Views
Post# 19050803

Article re: new-order mining permit

Article re: new-order mining permitHere's one of the first references to the new-order mining permit. If they didn't have one in the first place, it's some trick to withdraw it!!!

"The department has told First Uranium in March this year it did not have the "authority" to operate the new MWS tailings facility and related infrastructure because it did not have a new-order mining permit. First Uranium argues that tailings treatment does not fall under the Mineral and Petroleum Resources Development Act, but it applied for the permit because of expected changes to legislation.

Securing a mining right for MWS, which is treating 14 tailings dumps, hinges on First Uranium satisfying the department’s requirements for a rehabilitation fund at the operation, which is estimated at about $40m. First Uranium is in talks to put in place an insurance product. It reckons in the next four months it will have this structure in place, clearing the way for the granting of the permit."

https://www.businessday.co.za/Articles/Content.aspx?id=145005

<< Previous
Bullboard Posts
Next >>