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Stans Energy Corp.(TSXV:HRE) reported submitting the required documentation to the Kyrgyz Ministry of Natural Resources to gain licences for Kutessay II and Kalesay.
As quoted in the press release:
By the end of December, Stans submitted a complete report on the work done on all aspects of Kutessay II to the Kyrgyz Government. Along with this submission a request to extend the LA for a period of one year was tabled as well. The work done to date will allow Stans to proceed with the plans for Phase I development to restart mining operations at the historical Soviet levels of production.
Stans Energy, COO, Boris Aryev, stated:
Mining licenses in Kyrgyzstan are comprised of two parts: License Certificate for the term of the license, which in Stans’ case is for the period 2009 through to 2029; and a Licensing Agreement which typically are negotiated for periods of 2 to 5 years with the Kyrgyz Ministry of Natural Resources. This Licensing Agreement spells out what scope of work will be undertaken to move the project towards production.
Click here to read the Stans Energy Corp. (TSXV:HRE) press release
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