SUMO RESOURCES PLC Sumo Resources Plc is pleased to announce the progress with new license applications by its subsidiary SR Tanmin in the Democratic Republic of Congo.
The licenses for Gold trading in Maniema province has met all requirements and was approved at provincial level. Subsequently the national division of mining has recommended the granting of the license to the minister of mining in Kinshasa. The application is awaiting the signature of the minister. This will be only the second license for gold trading issued for Maniema province and provides an exciting opportunity for growth.
An application for trade and processing of Tantalite and Wolframite is also in progress. SR Tanmin recently selected a suitable site for this processing plant and appointed BEEC Sarl to complete the compulsory environmental study for the establishment of such a facility in the Maniema province. It is expected that all the approvals for the license will be in place in the first quarter of 2017. This presents another opportunity for SR Tanmin to substantially grow its operations.
Further updates will be made in due course.
Sumo Resources plc published this content on 24 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 October 2016 09:42:06 UTC.
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