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Share Price: 0.12

Bid: 0.11

Ask: 0.13

Change: -0.005 (-4.00%)

Spread: 0.02 (18.182%)

Open: 0.125

High: 0.125

Low: 0.12

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Tertiary Minerals welcomes Swedish government decision

Thu, 15th Dec 2016 12:39

(ShareCast News) - Fluorspar developer Tertiary Minerals updated the market on Thursday, on the progress of the mine permit appeal process for its Storuman fluorspar project in Sweden.The AIM-traded company said, subsequent to the update it provided on 13 December in the annual report, it has now been informed by the Swedish Government that the case has been referred to the Swedish Mining Inspectorate for reassessment taking the new case law of the Norra Karr Mine Permit into account.It said the reassessment will now include the impact that mining activity may have on its surroundings.Taking into account that new case law, Tertiary's board said it believes that the re-assessment is the preferred route for the case at this stage in the process and that the Environmental Impact Assessment prepared by Tertiary and selected Swedish consultants provides a sufficient description of the expected environmental impact on the wider area based on the "extensive and detailed" baseline environmental studies and reindeer husbandry impact analysis completed.Once the case file has been received by the Swedish Mining Inspectorate, the company said it will continue to co-ordinate closely with them and will update the market accordingly as and when significant news is available."We are pleased to see progress is being made," said managing director Richard Clemmey."[We] are confident that the quality and extent of our EIA coupled with the expected continued support from key stakeholders in the project will provide support for a positive outcome for Tertiary in this process."

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