2.9 C
Belgrade
Supported byspot_img
spot_img

FinnAust Mining expands copper-gold-zinc licenses in Finland

Member of Europium Groupspot_img
Supported byspot_img

London based copper mining developer FinnAust, which has copper, zinc and nickel projects in Finland, Austria and Greenland, said it has been granted additional licences around the Hammaslahti copper-gold-zinc project, the Outokumpu copper project and the Kelkka nickel project, all in Finland.

FinnAust Mining PLC on Thursday said it has secured further licences around its three projects in Finland, while it still is awaiting regulatory approval in Greenland for the acquisition of Bluejay Mining Ltd.

The expansion of its licence area will boost its Finnish portfolio and position the company for when the commodity prices improve.

Supported by

“Our Finnish assets are highly prospective and the receipt of these additional licences demonstrate our commitment to the Finland project areas and highlight the value upside we still see in this region,” said Roderick McIllree, FinnAust’s chief executive.

Elsewhere, the group said it is still awaiting approval from authorities in Greenland for its acquisition of a 60% stake in Bluejay Mining Ltd. FinnAust said the approval was taking longer than expected but said it remains confident the deal will be done soon.

source; LSE.co.uk

Supported byElevatePR Digital

Related News

Important Announcement to Our Readers

After years of dedicated efforts to promote the European mining industry and foster a balanced approach between environmental conservation and the responsible exploitation of...

India set to decide on import restrictions for metallurgical coke

India is set to make a decision soon on whether to implement import restrictions on metallurgical coke, a crucial ingredient in steelmaking. According to...

AMMC targets major production milestones by 2030 with ongoing development projects

Almalyk Mining and Metallurgical Combine (AMMC) has set ambitious production goals for 2030, aiming to achieve annual output of 500,000 tons of copper, 50...

Kazatomprom partners with Jordan uranium mining company on joint uranium exploration and extraction

Kazatomprom, Kazakhstan's national atomic company, has entered into a collaboration with Jordan Uranium Mining Company (JUMCO) to jointly explore and extract uranium in Jordan....
Supported by
Supported by
Supported by
error: Content is protected !!