Confirming News Story, Court WinVery hard to find with google search, but have found a confirming News story, this in French TV https://la1ere.francetvinfo.fr/guyane/la-compagnie-montagne-d-or-conserve-ses-concessions-1196482.html They do get 25 year renewal. It mentions that the antimining outfit will try and get gov to kill it anyway, but to do that the gov would have to pay Orea, to buy them out is my read, as Orea has the legal right to mine there now.
Notice below the government gave up fighting Orea at prior court decision, it was an outside NGO group that took it to French equivalent of US Supreme Court. That hints the Government is not all that adamant on this issue.
The stock went to .26 in Sept based off of prior non final court victory, being this is final legal victory should go a lot higher. It is amazing that no mining website has picked up on this, guess language barrier as both articles are in French. Orea needs to comment, has anyone called them?
The first legal battle against the Montagne d'Or company stops: the 25-year concessions are maintained. On December 30, the Court of Cassation rejected the latest appeal filed by the NGO France Nature environnement. This does not mean that the mega-mine project resumes... but the Russian-Canadian Consortium NordGold-Orea retains its concessions. Vronique Bedz/Franck Leconte/MCT • Published on 5 January 2022 at 05:57 The first act took place in January 2019: following the mobilization against the Montagne d'or mega-mine, the government announced that it wanted to put an end to the project and refused to extend the concessions granted to the company for 25 years.
This concerns two concessions: Montagne d'Or and Elyse. Act 2 takes place a year later. The consortium is attacking the state before the administrative court. On 24 December, the TA annulled the State's decision, and requested the renewal of the concessions. But the Ministry of Economy and Finance is appealing. July 16, 2021, act 3: the Administrative Court of Bordeaux rejects the appeal. The government is rejected, but it is not yet the end of the process. the NGO France nature environnement files a third-party opposition petition against the decision of the Administrative Court. It was therefore the Court of Cassation – the highest court – that had to decide in this case. Decision taken on 30 December The site of the company Montagne d'Or The site of the company Montagne d'Or • ©Jocelyne Helgoualch The decision fell on December 30: the appeal of France nature environnement is rejected.
Nothing now stands in the way of the renewal of concessions. The Russian-Canadian Consortium can therefore prepare a new project, and submit it to the authorities, to obtain an operating permit... a new economic, environmental and judicial battle will begin. At the same time, another procedure is still ongoing. The association France nature environnement has referred the matter to the Constitutional Council, considering that mining in French Guiana could go against the government's objectives, in terms of climate protection.