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LONDON (Alliance News) - South Korea-focused gold firm Bluebird Merchant Ventures Ltd on Thursday said it has submitted further information to authorities as it seeks a mining permit for Gubong.
Earlier in April, Bluebird said the provincial government had asked for more information on Gubong, mostly surrounding technical matters but also on the relationship the mine would have with the local community.
Bluebird has now submitted further detail, including a letter signed by "a number" of local residents, supporting the mine.
For its other mine, Kochang, permitting is going faster than expected and Bluebird said it has had to send in "limited" further information.
Bluebird expects both applications to be successful.
Chief Executive Colin Patterson commented: "As previously stated, in four decades of working in the mining industry, I have never seen such efficiency with regard to permit application processing as we are experiencing with the South Korean authorities.
"This bodes very well for Bluebird as we advance towards gold production."
Shares were 3.6% lower on Thursday at a price of 2.17 pence each.