Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

Australian mining company sues Botswana


Post Date: 17 Aug 2013    Viewed: 345

Australia's Mount Burgess mining company (ASX:MTB) is taking the Botswana government to court after the Minister for minerals, energy and water resources refused to re-license the firm's zinc and silver project in Ngamiland, the country's north-west region.


In March last year Mount Burgess applied for a two-year extension to its Kihabe project permit – which it has held since the mid-1980s – and was denied in May 2013.


But that's not the only thing that's got the miner all worked up: Burgess is also citing "maladministration" on behalf of the ministry because the application took 14 months to process – during which time Burgess says it spent Aus $1.2 million on the project.


The government claims that the miner "failed to carry out the 'approved prospecting programme'" between 2010 and 2012 and did not commit enough money to the operation – a fact which Burgess disputes.


Essentially, the state feels that the company is proceeding too slowly with sampling, prospecting and a feasibility study. Meanwhile, Burgess says it was not able to complete the study because grid power at the mine area would not be available until 2012.


"Upon realising there would be significant delays in the provision of grid power to the region" the company decided that "from a commercial point of view there was no point in proceeding at that stage with a feasibility study that would cost in excess of $3 million," Burgess wrote in a statement earlier this year, adding that in total so far it had spent $14.5 million on the project.


Meanwhile the miner is accusing the government of not adhering to a three-month renewal period – a time frame which lawmakers themselves set – and extending the ultimate denial for more than a year.


After failing to resolve the matter with the ministry, Burgess pleaded with the country's Vice President for help. In response, the company received a letter from the Minister for minerals, energy and water resources denying the request once again.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0195 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2