Proactive Investors - Run By Investors For Investors

Metal Tiger looks to resume operations in Thailand as new Mineral Committee appointed

Exploration effectively came to a halt in 2017 while a new Minerals Act was introduced.
Metal Tiger's Thai prospects have been on hold due to the legal changes

Metal Tiger PLC (LON:MTR) expects to resume operations in Thailand following the recruitment of the final six members of the country’s new Mineral Committee.

Exploration effectively came to a halt in 2017 while a new Minerals Act was introduced.

The Mineral Committee has responsibility for a wide range of issues including bidding procedures, prospecting licences and health and environmental assessments.

Metal Tiger believes the recruitment of the Mineral Committee has cleared the last major legislative hurdle to the resumption of the permitting process in Thailand and its applications for licences at Kemco and Boh Yai can go forward.

Michael McNeilly, chief executive, said: “The appointment of the final six Mineral Committee members represents a major milestone and the removal of a major hurdle that has kept Metal Tiger’s mining projects in Thailand from progressing.

“We now look forward to restoring the application process for our Thai assets.”

View full MTR profile View Profile

Metal Tiger Timeline

Related Articles

October 24 2018
The company’s total mineral resource is now 8.4 million tonnes at 2.08 g/t gold for 562,000 ounces.
coffee beans
April 26 2018
The company’s focus is the Arapua fertiliser project, located about 400km south-east of Brasilia in the State of Minas Gerais, a major agro-industrial centre.
October 11 2018
The company has increased its tenure in the region as the potential for prospectivity grows.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use