Aura Energy submits mining lease application for Mauritania uranium project
JOHANNESBURG (miningweekly.com) – Dual-listed Aura Energy has submitted a mining lease application to the government of Mauritania for the development of its Tiris uranium project.
Marking it a key milestone, the company said the application followed a broad programme of evaluation and study over the past eight months, which included an environmental- and social-impact assessment (ESIA), covering all aspect of the project, including community consultation in the regions close to the project location.
“This milestone will now bring into clear focus that Tiris is now in that next important group of uranium projects that, subject to financing, will be developed. Due to its low capital cost, the implementation of Tiris is very achievable to meet the next expected cycle of rising uranium prices,” Aura Energy chairperson Peter Reeve highlighted.
The mining lease application will now be reviewed by various entities within the Mauritanian Mines and Environment departments over a period of six months.
The application documentation includes the final agreed term sheet for the Tiris shareholders agreement, which covers the 10% government interest in the project that was successfully negotiated over the past three weeks.
The completion of a definitive feasibility study (DFS) was targeted for the end of the year; however, Aura envisages some elements of the DFS will still be outstanding at this point, with full completion expected in early 2018.
This is not expected to impact project implementation and financing, as a number of parallel activities will be conducted near the end of the Tiris DFS.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Projects
Latest Multimedia
Latest News
Showroom
Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...
VISIT SHOWROOM
Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
