Volt granted enviro approval for Bunyu
PERTH (miningweekly.com) – The share price of ASX-listed Volt Resources rose by nearly 11% on Tuesday after the company received environmental approval for its Bunyu graphite project, in Tanzania.
The company told shareholders that the environmental impact assessment certificate was the final prerequisite for the granting of a mining licence, and one of the final remaining major milestones in terms of government permitting for the Bunyu project.
“This is a significant milestone in the development of our Bunyu project, as it transitions the company a step closer to receiving the all-important Bunyu mining licences,” said Volt chairperson Asimwe Kabunga.
“Looking ahead, we remain firmly focused on advancing the Bunyu project towards Stage 1 production, and we look forward to providing our shareholders with further updates on funding and development progress in the near-term.”
A recent feasibility into the Stage 1 project, based on a mining and processing plant with a throughput rate of 400 000 t/y of ore, to produce an average 23 700 t/y of graphite products, is expected to require a capital investment of $31.8-million.
Volt shares were trading at a high of 2.2c a share on Tuesday, up from an opening price of 2.1c a share.
Comments
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