16th Nov 2015 08:26
LONDON (Alliance News) - Strategic Minerals PLC on Monday said it has now received all necessary regulatory approvals and has started extraction of the bulk sample for the Tatu Coal Mine in New Zealand.
The group said the health and safety plans for the project are now in place, along with the upgrade of access roads having been completed, leaving it in a position to start the bulk sample extraction.
"The company has been working towards the commencement of the bulk sample extraction as a key step in completing its assessment for the commissioning of the mine works at Tatu," said Alan Broome, Strategic Minerals' chairman.
"Accordingly, the commencement is an important and exciting step for the company, which plans to lever off this information to identify potential customers for the produced coal and assess their interest in future purchases," he added.
Strategic Minerals shares were up 14% to 0.369 pence early Monday, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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