16th Aug 2024 15:15
Anglesey Mining PLC - mining company with operations in Wales, Sweden and Canada - Announces the formal submission on July 31 of the environmental impact assessment scoping report for the Parys Mountain mine to the North Wales Minerals & Waste Planning Service. Says this "important project milestone" follows "almost two years of extensive studies and work" with expenditure totalling nearly GBP300,000, and is part of the first stage in the EIA process. Says the scoping report "sets out the project's perceived impacts, specifically identifying any crucial and significant impacts". Notes that at this stage "the project description remains indicative and will be refined following ongoing mining engineering studies, economic analysis and discussions with neighbours, the wider community and other stakeholders". Adds however that it has no plans for an open pit or opencast mining.
Chief Executive Officer Rob Marsden says: "The assessment of the environmental and social impacts of mining of copper, zinc, lead, silver and gold from Parys Mountain, in addition to the economic feasibility, will play a major part in the permitting processes required to progress the project through investment and financing to mineral production."
Current stock price: 0.93 pence, up 3.8% in London on Friday afternoon
12-month change: down 42%
By Emma Curzon, Alliance News reporter
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