The South African Department of Mineral Resources and Energy (DMRE) has informed Theta Gold Mines Ltd. of its support for the application to amend Mining Right 83 (MR83) to also permit open-pit mining. MR83 is an approved and executed mining right and has an approved environmental authorization (EA) for underground mining activities, as well as approval for processing of ore and deposition of residues onto an existing tailings dam.
In a letter on October 26, the DMRE confirmed the application for EA to permit open-pit mining on MR83 is being reviewed and the record of decision should be finalized on or before the end of November.
The DMRE acknowledged and said it appreciatd the progress Theta Gold has made in relation to its mining investment, which has potential benefits to the South African economy and the local municipal area in particular. The DMRE noted that the mining sector has been identified as one of the most important catalyst to stimulate economic growth in the country post COVID-19.
“We are pleased to receive the DMRE’s confirmation of support toward our EA application for MR83 and its commitment for a decision by the end of November,” Theta Gold Chairman Bill Guy said. “Through the EA process, Theta Gold has implemented a positive and wholistic environmental strategy that has gained traction with local communities.”
