Kylylahti Mining Licence Granted
Wednesday, September 12th, 2007
Vulcan Resources Limited is pleased to announce that it has been advised by the Ministry of Trade and Industry that the Mining Concession Application which covers the Kylylahti Mine area in Karelia, Finland has been granted.
Vulcanâ€™s Managing Director, Dr Alistair Cowden, said, â€œThe old Mining Concession at Kylylahti that Vulcan inherited was too small in area for a modern mining operation. In 2006 Vulcan applied to extend the licence area to accommodate the facilities required for the expected long life of the Kylylahti Mine.
The grant of the Mining Concession marks a major milestone for the development of the projectâ€, said Dr Cowden.
The Kylylahti Definitive Feasibility Study is near complete and Vulcan expects that the results should be available next month.