https://www.miningweekly.com

Final stage of Cononish permitting taking longer than planned – Scotgold

13th August 2018

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

The permitting process for the gold and silver mine that Scotgold is seeking to develop near the Loch Lomond and Trossachs National Park, in Scotland, is taking longer than planned, Aim-listed Scotgold reported on Monday.

The company said that all substantive matters relating to the issuing of the permit had been progressed with the National Park Authority, but that various third parties still had to agree. Scotgold said that it was hopeful that these agreements would be concluded soon and that the company would have a decision notice in hand by the end of September.

"Although this final stage of the permitting process is taking longer than anticipated, we continue to make what preparations we can for the final development phase. Once the decision notice is received we will assess the impact of these early preparations on the project schedule and provide further guidance on the expected date for first gold production.  It is important to note that although frustrating, this delay will not have a material effect on the company's funding position and we continue to look forward to anticipated gold production and cash flow in 2019," said CEO Richard Gray.

Scotgold has appointed Fairport Engineering as the client engineer to advance the tendering process with regards to the processing plant and the company is in advanced discussions with suppliers of the relevant mining equipment.

At full capacity, the mine will produce about 23 500 oz/y.

 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.04 0.869s - 111pq - 2rq
Subscribe Now