Reko Diq: Balochistan supervision refuses to extend permit to Tethyan Coppe

[Saifullah Sani]

Reko Diq: Balochistan supervision refuses to extend permit to Tethyan Copper

by Government Grants on November 16th, 2011​

QUETTA: The Balochistan Mining Committee (BMC) has refused to extend a mining permit to Tethyan Copper Company (TCC) for a Reko Diq plan underneath Balochistan Mines Rule 2002.

The BMC, headed by executive ubiquitous Mines and Mineral Department Balochistan, was shaped to inspect a feasibility news of TCC on a Reko Diq project.

(Read: Reko Diq project: Balochistan can exclude mining licence, says official)

A comparison central told Ou Sources that a Advocate General of Balochistan Amanullah Kanrani will contention a news supposing by a BMC to a Supreme Court currently (Wednesday). The news says that a feasibility news supposing by TCC was incomplete.

When a AG was approached by Ou Sources, he reliable that he had perceived a Balochistan supervision preference and will contention it to a autarchic court. The justice had progressing sought an reason on sum of a agreements between a Balochistan supervision and TCC.

(Read: Reko Diq reserves: Mining aspirant serves notice to provincial government)

TCC confirmed that a feasibility news was finished and submitted to a Balochistan supervision progressing in Aug 2010 underneath an existent agreement between TCC and a government, a Chagai Hills Exploration Joint Venture Agreement (CHEJVA).

(Read: Reko Diq: TCC files notice of brawl opposite Balochistan government)

When TCC submitted a report, Balochistan was entitled as a 25% equity partner in a project, enabling it to distinction additionally from a cave growth and operations over and above a unchanging kingship and taxation payments. But later, on Nov 24 2010, a supervision of Balochistan had motionless not to turn a member in a project.

(Read: Reko Diq to get Balochistan supervision approval: Report)

Earlier, TCC had filed a notice of brawl (NoD) to find some-more time to residence a Balochistan government’s regard over extenuation a mining license.

According to a Balochistan supervision official, TTC can interest in a justice opposite a decision; however, a Balochistan supervision indifferent a right to exclude to extend mining permit and had motionless that we would not extend it.

TCC, a corner try between Canadian mining hulk Barrick Gold and a Chilean mining association Antofagasta, had progressing practical for a mining looseness in Feb 2011 after anticipating that a estimable volume of minerals is benefaction during Reko Diq.

Reko Diq: Balochistan government refuses to grant license to Tethyan Copper | Government Grants