Karelian Diamond Resources Registers Lahtojoki Mining Concession
Why we think this is good
The RNS announcement from Karelian Diamond Resources plc provides positive news regarding the registration of the Lahtojoki mining concession in the land registry. This is an important milestone that will enable the company to progress with its plans for the Lahtojoki diamond deposit. The announcement also indicates that the outstanding compensation matters have been referred back to the National Land Survey, with a new hearing expected in Autumn 2025. Overall, the news suggests the company is making steady progress on its key project, which is a positive development for the business.
Key Points
- Lahtojoki mining concession registered in the land registry
- Documentation sent to TUKES for processing the mining concession registration
- Hearing on the compensation matters referred back to the National Land Survey now planned for Autumn 2025
Summary
Karelian Diamond Resources plc (AIM: KDR) has announced that its Finnish legal advisers have been notified by the Finnish National Land Survey that the mining concession for the Lahtojoki diamond deposit has been registered in the land registry. This is an important milestone that will allow the company to progress with its plans for the Lahtojoki project. The company's legal advisers have also been informed that the details of the registration, along with documentation related to the Lahtojoki proceedings, have been sent to TUKES (the Finnish Mining Authority) for processing. TUKES has already approved a mining concession application for the Lahtojoki diamond deposit and is responsible for the registration of the mining concession in the mining register and the granting of a mining certificate.
In relation to the outstanding compensation matters, the company has been informed by the National Land Survey that the new hearing is now expected to take place in Autumn 2025.