JOHANNESBURG (miningweekly.com) – Gold developer West African Resources has moved one step closer to being granted a mining permit for its Tanlouka gold project, announcing on Monday that it had received a favourable opinion by the Burkina Faso Ministry of Environment, Green Economy and Climate Change for its resettlement action plan and its environmental and social impact assessment.
This is the penultimate part of the permitting process, with the final decision to grant the mining permit, made by the Council of Ministers and decreed by the country’s Cabinet, expected before year-end.
MD Richard Hyde commented that the process had been relatively smooth since submitting applications in October 2015, and was a credit to the company’s in-country team and consultants.
West African reported last week that it aimed to complete the feasibility study in the fourth quarter of 2016 and that it hoped to have the Tanlouka project “shovel-ready” by the end of the year.
Meanwhile, West African on Monday also called for a trading halt on the ASX and TSX-V, pending an announcement regarding a capital raising plan.