RE:RE:RE:RE:Ministry refused to prolong Kuriskova exploration licence! A DEAL IS A DEAL.
The Ministry of Economy of Slovakia and European Uranium Resources Ltd., the Canadian company, have signed in December 2012 a Memorandum of Understanding which defines the cooperation between them as regards the Kurišková uranium deposit.
The Memorandum provides that the company, currently undertaking a feasibility study and an environmental impact assessment, needs to demonstrate that the Kurišková deposit can be developed as an environmentally sustainable and commercially viable project. Furthermore, the Memorandum provides that, if the outcomes of the feasibility study and of the environmental impact assessment are positive, then the project will be able to advance, as anticipated by Slovakia's National Energy Strategy.
European Uranium (and now Forte Energy too) were and still are prepared to follow this agreement but the Government of Slovakia ( at least the Ministry of the Environment) wants to cancel it. As Itsagusher stated in the last post, this is not the first time this situation has occurred. It really sounds like parts of the Slovakian government really can't get their act together. No company is going to tolerate being given the green light, spending over 22M Euros on a project and then just walking away because they are told that a unilateral decision has been made that the deal is off. As Itsagusher stated, there could be a very large lawsuit. Maybe the companies should take the money and go.
I can understand that there are always environmental concerns with any mining project and these concerns must be addressed. But where are these concerns when it comes to the large coal mining industry in Slovakia? I have read about some horrendous environmental problems that Slovakia has experienced with coal mining - far greater than dealing with the much greener fuel uranium.