(via NewsDirect)
Clarke told Proactive a ministerial committee referred the application back to the regional authority, the CRUI, for re-examination, with a request for Emmerson to resubmit documentation with enhancements. This revised documentation, which includes the benefits of the Khemisset Multi-mineral Process (KMP) is set to be submitted soon, with confidence in obtaining approval.
Key enhancements in the revised Environmental Impact Assessment relate to a new process that allows a 60% reduction in water consumption, significant in drought-affected
Clarke said a
The involvement of GSM, which now includes the right to appoint a board member, is viewed positively, and expected to bring additional expertise and reinforce their commitment to the project.
A retail offer on the REX platform was aimed at giving existing shareholders the same opportunity as strategic investors at the given share price. The offer was well oversubscribed, indicating strong shareholder support and optimism for the project's future upon approval.
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