Thursday 5 September 2013

Ortac Resources (OTC) Secure Certainty Over Mining Licence By Winning Crucial Vote of Confidence in Slovakia

Activists in Kremnica who are against the development of Ortac Resources Sturec Gold Mine and Integrated Tourism Resort and Spa, fail in their attempt to secure a judgement over the validity of Ortac's Mining Licence

Ortac is a London AIM listed (OTC) mining company working to bring back gold mining to town Kremnica, by developing and bringing into production the proven economically viable  Šturec gold deposit.

The company is working to secure environmental approval for the project that has the potential to create hundreds of jobs and much needed local tax and national tax income. In addition, the project involves the development of a tourism centre and spa facility aligned to the gold mining business, where tourists could learn how to pan gold and enjoy the combination of industrial history tourism set in a beautiful tourism environment. 

This tourism and gold mining combination has proven popular in places like Canada in the Yukon / Klondike and also in other areas of Europe such as Finnish Lapland where tourist flock to pan gold and where gold mining has been well integrated into what is like Kremnica, a sensitive environmental area. Active gold mining and tourism can work to provide the basis of a triple Helix tourism proposition, which can add real value to small local economies.

The text below is in broken English and is taken from reports in the Slovak Press, lets hope Ortac and the region of Kremenica can come together to make the project happen, it would be a win win situation. 

KREMNICA. Main Mining Office (HBI) Banská Štiavnica fail warning Regional Prosecutor's Office in Banska Bystrica.

It covered the inactivity District Mining Office (OBU) in Banska Bystrica. OBÚ be notified by the prosecution of Ortac, Ltd., termination of the license for quarrying gold Kremnici.

Main Mining Office has accepted that the District that Ortaç time to start mining has not yet expired, and therefore his entitlement to quarrying has not disappeared. The prosecution is considering this decision may apply to the court.

MINING AUTHORIZATION

Ortaç unexpired period to begin extracting, above which they would disappear and mining authorization on the grounds that it was not yet completed the process of environmental impact assessment (EIA).

The prosecutor had misinterpreted concepts Institutes mining law, namely "the right to exclusive mining deposits" and "mining right".

"Mistakenly applying these institutes were subsequently request to the prosecution, which can not be accepted by HBU," said HBU President in Banska Štiavnica Peter Kúkelčík.

According to the Mining Act to the exclusive mining deposits and the management of extracted minerals is an organization that has a mining license and that determines the mining area.

DEADLINES HAVE NOT EXPIRED

Mining authorization is kind of state license, which authorizes business entrepreneur in statutory areas of mining activities and activities conducted by mining method.

And it's not just at the very opening, preparation and extraction of the mining area, but also for other activities in accordance with the law on mining activities, explosives and state mining administration.

"Mine is not the same authority with the right to conquer exclusive deposit, and therefore OBÚ or HBU not meet the county prosecutor, who requested permission to cancel mine," said Kúkelčík and continued.

"Ie. State professional license for inaction in the mining area, which still can not be considered for inaction, because expired legal deadlines to be suspended for failure to complete the assessment of environmental impact," he said.

ANOTHER PROCEDURE DETERMINED

The view that Ortaç period for quarrying has ceased to exist because it was not completed EIA, presented last September and Director Ortac, Ltd., for Slovakia Viktor Pomichal.

In the words of spokesman for the Regional Prosecution Office in Banska Bystrica Ivana Vozár the prosecution must first become familiar with the reasoning of the decision HBU. "The prosecution will decide after studying what chooses another procedure in this case," he added.

Lubos Kürthy, chairman of the civic association Kremnica than gold, which lodged the complaint to the prosecutor about idle OBÚ in Banska Bystrica, said the association decision HBÚ expected.

"Certainly we will file an action. Whether A is added to the defense and the prosecution, depends on it., In the application, however, some serious and its position, which is quite detailed," he explained. Civic Association Kremnica of gold lodged the complaint to the Regional Prosecution Office in Banska Bystrica in March this year.

PROPOSAL FAILED TO COMPLY

Regional Prosecutor's Office 4 June evaluate the initiative of the association as unfounded. OBÚ be after careful consideration and studied the time course of activity considered two proposals did not_-