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Ormonde Mining gets compulsory purchase boost at Barruecopardo

The legal declaration allows it to use land without having to await completion of the compulsory purchase process.
Picture of tungsten
Tungsten is very dense and very hard

Ormonde Mining (LON:ORM) has been granted access to land it wants to compulsorily purchase to build a tungsten mine at Barruecopardo in Spain.

The Regional Government of Castilla y Leon, where Barruecopardo is situated, has issued a declaration of urgent occupation over the area concerned.

This legal declaration allows it to use land without having to await the completion of the compulsory purchase process.

It was requested by the mine’s operating company Saloro as part of a compulsory purchase application in March.

Ormonde’s plans have been delayed by an objection to some of its compulsory purchase plans in February, but it is not stated today whether the legal declaration relates to this or a different plot.

Steve Nicol, Ormonde's managing director, said:  "The decision by the Regional Government to vote in favour of the Declaration of Urgent Occupation on the remaining lands required to enable development of the Project, is a major success for the company.

“The decision, coming well ahead of the date required by our optimised schedule, shows the level of support that exists for the Project at all levels within the Spanish region in which we operate.

Under its revised production schedule, Ormonde will use land it already owns or rents and see commissioning in late 2017, as opposed to 2016 as originally hoped.

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Ormonde Mining plc Timeline

September 30 2016
February 29 2016

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