(Alliance News) - Kore Potash PLC on Monday said environmental approval at its Kola and Dougou assets in the Republic of Congo have been extended by 25 years.
The potash miner was at the end of March issued the extension to its environmental & social impact assessment extension at the projects by the country's minister for tourism & environment.
"We are pleased with the continued support of the government of the Republic of Congo. The 25-year ESIA period is now aligned with the time frame of the mining convention between Kore and the government of the Republic of Congo, which was passed into law. This offers improved certainty for all parties and stakeholders," Kore Chief Executive Brad Sampson said.
Shares in the company were 12% higher at 0.69 pence each in London on Monday morning. They were untraded at ZAR0.16 each in Johannesburg.
By Eric Cunha; ericcunha@alliancenews.com
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Kore Potash (KP2)