Alamos Gold reports positive Turkish EIA developments
TORONTO (miningweekly.com) – Canadian miner Alamos Gold has reported that the injunction granted in January against the Turkish Environment Ministry’s August 2014 approval of the environmental-impact assessment (EIA) for its Agi Dagi gold project had been dismissed by the Canakkale Administrative Court.
With this ruling, the Ministry's EIA approval had been returned to good standing.
Toronto-based Alamos on Tuesday said the ruling supported its position that the injunction was invalid given that a 30-day comment period following the August approval yielded no comments.
“Based on this, we believe an appeal to this ruling is not possible and that Alamos is now free to pursue the operating/mine permits for the project,” analysts at Desjardins Capital Markets said in a note to clients.
Meanwhile, Alamos still expected to provide an update on the Kirazli EIA this quarter. The EIA approval was currently being reviewed in the Turkish High Administrative Court after it was appealed through a different process in the Canakkale Administrative Court.
Assuming the Turkish assets were constructed, they could from late 2017 add as much as 250 000 oz/y of gold to Alamos’ current full-year guidance of between 150 000 oz and 170 000 oz of gold.
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