Goldplat Gets Approval For Mining Lease In Kenya

22nd Jul 2010 07:34

LONDON (Dow Jones)--Goldplat PLC (GDP.LN), a gold producer, said Thursday the Commissioner of Mines and Geology in Kenya has confirmed that all the relevant documentation required for a Mining Lease to be granted for the company's operations at the Kilimapesa Hill gold mining project has been approved. MAIN FACTS: -The Commissioner of Mines and Geology has committed to giving the necessary assistance to Kilimapesa Gold (Pty) Ltd, in order to be able to fast-track the Mining Lease issue. -Management of Kilimapesa Gold has started preparations for the up scaling of its operations in readiness for the Mining Lease. -The only outstanding requirement is the formality of the issuance of a Mining Right number from the Director of Survey. -Shares on Wednesday closed at 8.38 pence, valuing the company at GBP9.4 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 22, 2010 02:34 ET (06:34 GMT)