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Armadale Capital PLC - investment company focused on natural resource projects in Africa - National Environment Management Council of Tanzania grant approval of Environmental & Social Impact Assessment for the production of natural flake graphite from the Mahenge graphite project.
ESIA reflects final necessary step in mining licence application process.
"We are extremely pleased with the formal approval of the ESIA by the Tanzanian National Environment Management Council. An important milestone for Armadale as a company as it is a final essential step prior to being able to be granted the full Mining Licence by the Department of Energy and Minerals," says Chair Nick Johansen.
Current stock price: 5.07 pence, up 6.7%
Year-to-date change: up 51%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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