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Spur Ventures Inc. (TSX:SVU)(OTCBB:SPVEF) reported that the Central Ministry of Land and Resources has approved the extension of the Shukongping mine license, setting the new expiry date as October 09, 2011.

Spur Ventures Inc. (TSX:SVU)(OTCBB:SPVEF) reported that the Central Ministry of Land and Resources has approved the extension of the Shukongping mine license, setting the new expiry date as October 09, 2011.

The press release is quoted as saying:

The extension of the Shukongping license is key to the pending transfer of the Shukongping mine from Spur’s joint venture partner Hubei Yichang Phosphorus Chemical Co. (“YPCC”) to its Chinese joint venture, Yichang Maple Leaf Chemicals (“YMC”).

Click here to access the entire press release

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