The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStratmin Global Resources Regulatory News (STGR)

  • There is currently no data for STGR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Joint Venture: Environmental Permit Received

17 Oct 2016 13:00

RNS Number : 7273M
Stratmin Global Resources PLC
17 October 2016
 

17 October 2016

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

StratMin Global Resources Plc

("StratMin" or the "Company")

Joint Venture: Environmental Permit Received

StratMin Global Resources Plc (AIM: STGR), the resource and commodity AIM cash shell company, is pleased to announce receipt of the Environmental Permit for Tirupati Madagascar Ventures SARL's ("TMV") Vatomaina graphite project in Madagascar.

 

This is the final regulatory permission required for TMV to initiate on site development.

 

TMV is the 98.% owned subsidiary of Tirupati Resources Mauritius ("TRM"), a joint venture between StratMin and Tirupati Carbons and Chemicals Pvt Ltd.

 

Overview:

· "Permis Environmental" issued by the "Office National pour l'Environnement" of the Government of the Republic of Madagascar for the Vatomaina license, Exploitation Permit (PE) No. 38321, held by TMV.

· Topographic and hydrogeological studies currently underway.

· On site infrastructure development to be initiated on completion of studies.

 

About Vatomaina:

Vatomaina is a 12,000 tonne per annum large flake high grade graphite mine and processing facility being developed by the Tirupati Resources Mauritius joint venture partners in Madagascar.

 

Brett Boynton, CEO, commented:

"The joint venture partners are progressing the Vatomaina project at a steady pace and we are very happy with the progress being made by the in-country team. With this final regulatory requirement now in hand, we can move into on-site development.

The current hydro studies are of particular interest as initial assessment indicates potential for hydroelectric power production which could significantly improve project economics by supplementing diesel power generation with clean, low cost hydro-power."

 

For further information please visit www.stratminglobal.com or contact:

 

StratMin Global Resources Plc

Brett Boynton, CEO

 

+44 (0) 20 3691 6160

Allenby Capital (Nominated Adviser & Broker)

John Depasquale/ Nick Harriss/Liz Kirchner

 

+44 (0) 020 3328 5656

Optiva Securities (Broker)

Christian Dennis

 

+44 (0) 20 3137 1903

VSA Capital Limited (Financial Adviser)

Andrew Raca

+44 (0) 20 3005 5000

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
JVEFFWFFWFMSEIS
Date   Source Headline
11th Feb 20097:30 amRNSStatement re. Suspension
11th Feb 20097:30 amRNSSuspension - Interactive Prospect Targeting Hldgs
30th Dec 200812:15 pmRNSBank Debt Restructuring
17th Nov 200811:30 amRNSRe: Directinet Management Transition
12th Nov 20084:00 pmRNSDirectinet Management Transition
11th Nov 20083:00 pmRNSDisposal
5th Nov 20083:54 pmRNSAcquisition Update
5th Nov 20083:30 pmRNSAgreement Reached re: Directinet
4th Nov 20087:00 amRNSSale of Non-Core Businesses
27th Oct 20087:00 amRNSAmendments to Bank Loan
22nd Oct 20081:15 pmRNSHolding(s) in Company
21st Oct 20086:13 pmRNSHolding(s) in Company
15th Oct 20085:51 pmRNSHolding(s) in Company
2nd Oct 20085:01 pmRNSHolding(s) in Company
30th Sep 20087:00 amRNSInterim Results
29th Sep 20084:16 pmRNSAcquisition
29th Sep 20084:15 pmRNSDisposal, Bank Loan & Board Changes
25th Sep 20087:00 amRNSHolding(s) in Company
15th Sep 20087:00 amRNSUpdate on Strategic Review
11th Aug 20087:00 amRNSTrading Statement
27th Jun 20084:44 pmRNSAnnual Report and Accounts
27th Jun 20088:00 amRNSResult of AGM
20th Jun 20087:00 amRNSDirectorate Change
4th Jun 20087:02 amRNSDirectorate Change
8th May 20087:01 amRNSOffer Talks Terminated
6th May 200810:21 amRNSEPT Disclosure
30th Apr 20083:00 pmRNSIssue of Equity
30th Apr 200810:49 amRNSEPT Disclosure
29th Apr 200812:28 pmRNSRule 8.3-Interactive Prospect
29th Apr 200810:57 amRNSEPT Disclosure
28th Apr 200811:47 amRNSEPT Disclosure
22nd Apr 200810:36 amRNSEPT Disclosure
21st Apr 20089:59 amRNSEPT Disclosure
17th Apr 20082:20 pmRNSRule 8.3-Interactive Prospect
17th Apr 200810:46 amRNSEPT Disclosure
15th Apr 20087:01 amRNSFinal Results
10th Apr 20089:36 amRNSEPT Disclosure
8th Apr 20081:03 pmRNSEPT Disclosure
7th Apr 200810:35 amRNSEPT Disclosure
1st Apr 200810:02 amRNSEPT Disclosure
31st Mar 200810:31 amRNSEPT Disclosure
28th Mar 200810:05 amRNSEPT Disclosure
28th Mar 20087:00 amRNSNotice of Results
26th Mar 20089:46 amRNSEPT Disclosure
25th Mar 200810:11 amRNSEPT Disclosure
20th Mar 20089:44 amRNSEPT Disclosure
19th Mar 20089:45 amRNSEPT Disclosure
18th Mar 200811:35 amRNSEPT Disclosure
17th Mar 200811:49 amRNSEPT Disclosure
14th Mar 200811:25 amRNSEPT Disclosure

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.