R/€ = 16.28 Change: 0.01
R/$ = 14.35 Change: 0.05
Au 1239.94 $/oz Change: 1.87
Pt 786.33 $/oz Change: -6.20
 
 
R/€ = 16.28 Change: 0.01
R/$ = 14.35 Change: 0.05
Au 1239.94 $/oz Change: 1.87
Pt 786.33 $/oz Change: -6.20
 
 
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Condor expects redesigned mine site plan to facilitate permit approval

15th May 2018 BY: Creamer Media Reporter

JOHANNESBURG (miningweekly.com) – Nicaragua-focused Condor Gold is hopeful that its redesigned mine site infrastructure that avoids the resettlement of about 1 000 people will facilitate the grant of an environmental permit for the La India gold project.

The company, which is dual listed on the TSX and Aim, in February submitted a 130-page amendment to its environmental and social impact assessment (ESIA) that does not require the resettlement of about 330 houses. The ESIA forms part of the environmental permit application for a 2 800 t/d processing plant, which will produce 100 000 oz/y of gold.

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Condor chairperson and CEO Mark Child, who formed part of the senior management team who met with an inter-institutional committee earlier this month, reported to shareholders on Tuesday that the company had held encouraging meetings with the Ministries of Environment and Natural Resources; Energy and Mines; and Forestry.

“I am confident that the re-designed mine site infrastructure to avoid resettlement will facilitate the grant of the main permit,” he said.

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Condor has to provide additional technical information to the inter-institutional committee and has indicated that it will do so before month-end. 

EDITED BY: Mariaan Webb Creamer Media Senior Researcher and Deputy Editor Online
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