19th Aug 2024 06:58
Karelian Diamond Resources PLC - Finland and Northern Ireland-focused diamond and platinum group metals exploration company - Celebrates the Finnish Land Court's decision regarding appeals by two landowners in relation to the mine boundary and the amount of compensation to be paid to them for a diamond mine being developed by Karelian at Lahtojoki in Finland. The decision, communicated by the court on Monday last week, maintained the original decision on the mine boundary, while the majority of the items upon which the landowners based their claims regarding compensation were rejected by the court except for three items. Those three items were referred back to the National Land Survey to review. Karelian says the mine at Lahtojoki will be the first diamond mine in the EU once it is in production.
"Finalisation of the mine boundaries is an essential step in relation to the company's proposed development of the Lahtojoki diamond deposit," Karelian says.
Chair Richard Conroy says: "We are pleased to receive the decision of the Finnish Land Court which brings finalisation to the establishment of the mine boundaries. We will await the completion of proceedings in relation to the compensation to the two landowners concerned."
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By Tom Budszus, Alliance News slot editor
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