Besra Gold Announces Status of Mining Licence Renewal
Besra Gold Inc (ASX: BEZ) has provided an update on the renewal status of its Jugan Concession (ML 05/2012/1D). The renewal process requires approval from the State Mining Mineral Authority (SMMA), whose meetings are chaired by the Premier of Sarawak and held infrequently. The company awaits confirmation of the next SMMA meeting date, where they expect their application to be reviewed.
This renewal represents the first 'heavy mining' ML to be considered by Sarawak authorities in recent times, making the timeline less predictable compared to similar applications in other regions like Australia. Following renewal, North Borneo Gold Sdn Bhd, Besra's Malaysian subsidiary, will apply to replace Gladioli Enterprises as the registered holder of the Concession.
Besra Gold Inc (ASX: BEZ) ha fornito un aggiornamento sullo stato di rinnovo della sua Concessione Jugan (ML 05/2012/1D). Il processo di rinnovo richiede l'approvazione dell'Autorità Mineraria Nazionale (SMMA), le cui riunioni sono presiedute dal Primo Ministro del Sarawak e si tengono raramente. L'azienda attende conferma della data della prossima riunione della SMMA, dove si aspetta che la loro richiesta venga esaminata.
Questo rinnovo rappresenta il primo 'rinnovo minerario pesante' ML ad essere considerato dalle autorità del Sarawak in tempi recenti, rendendo la tempistica meno prevedibile rispetto a richieste simili in altre regioni come l'Australia. Dopo il rinnovo, North Borneo Gold Sdn Bhd, la controllata malese di Besra, presenterà domanda per sostituire la Gladioli Enterprises come detentore registrato della Concessione.
Besra Gold Inc (ASX: BEZ) ha proporcionado una actualización sobre el estado de renovación de su Concesión Jugan (ML 05/2012/1D). El proceso de renovación requiere la aprobación de la Autoridad Minera Estatal (SMMA), cuyas reuniones son presididas por el Primer Ministro de Sarawak y se celebran con poca frecuencia. La empresa espera la confirmación de la fecha de la próxima reunión de la SMMA, donde se espera que se revise su solicitud.
Esta renovación representa la primera 'minería pesada' ML que se considera por las autoridades de Sarawak en tiempos recientes, lo que hace que el cronograma sea menos predecible en comparación con solicitudes similares en otras regiones como Australia. Tras la renovación, North Borneo Gold Sdn Bhd, la filial malaya de Besra, solicitará reemplazar a Gladioli Enterprises como titular registrado de la Concesión.
Besra Gold Inc (ASX: BEZ)는 자신의 Jugan 제 concession (ML 05/2012/1D)의 갱신 상태에 대한 업데이트를 제공했습니다. 갱신 절차는 Sarawak의 총리가 주재하는 주 광물 권한(SMMA)의 승인이 필요하며, SMMA 회의는 드물게 열립니다. 회사는 다음 SMMA 회의 날짜의 확인을 기다리고 있으며, 그곳에서 자신의 신청이 검토될 것으로 기대하고 있습니다.
이 갱신은 Sarawak 당국이 최근에 고려한 첫 번째 '중량 광업' ML을 나타내며, 호주와 같은 다른 지역의 유사한 신청과 비교하여 일정이 덜 예측 가능하게 만듭니다. 갱신 후, Besra의 말레이시아 자회사인 North Borneo Gold Sdn Bhd는 Concession의 등록된 소유자로 Gladioli Enterprises를 교체하려고 할 것입니다.
Besra Gold Inc (ASX: BEZ) a fourni une mise à jour sur l'état de renouvellement de sa Concession Jugan (ML 05/2012/1D). Le processus de renouvellement nécessite l'approbation de l'Autorité Minérale Nationale (SMMA), dont les réunions sont présidées par le Premier Ministre de Sarawak et se tiennent rarement. L'entreprise attend la confirmation de la date de la prochaine réunion de la SMMA, où elle s'attend à ce que sa demande soit examinée.
Ce renouvellement représente le premier 'exploitation minière lourde' ML à être considéré par les autorités de Sarawak ces derniers temps, ce qui rend le calendrier moins prévisible par rapport à des demandes similaires dans d'autres régions comme l'Australie. Après le renouvellement, North Borneo Gold Sdn Bhd, la filiale malaisienne de Besra, demandera à remplacer Gladioli Enterprises en tant que titulaire enregistré de la Concession.
Besra Gold Inc (ASX: BEZ) hat ein Update zum Status der Erneuerung seiner Jugan-Konzession (ML 05/2012/1D) bereitgestellt. Der Erneuerungsprozess erfordert die Genehmigung der Staatlichen Bergbauministerium (SMMA), deren Sitzungen vom Premierminister von Sarawak geleitet werden und nur selten stattfinden. Das Unternehmen wartet auf die Bestätigung des Datums der nächsten SMMA-Sitzung, wo es erwartet, dass ihr Antrag geprüft wird.
Diese Erneuerung stellt die erste 'schwere Bergbau' ML dar, die von den Behörden in Sarawak in letzter Zeit berücksichtigt wird, was den Zeitrahmen im Vergleich zu ähnlichen Anträgen in anderen Regionen wie Australien weniger vorhersehbar macht. Nach der Erneuerung wird North Borneo Gold Sdn Bhd, die malaysische Tochtergesellschaft von Besra, beantragen, Gladioli Enterprises als registrierten Inhaber der Konzession zu ersetzen.
- None.
- Mining license renewal pending with uncertain timeline
- Regulatory process delays due to infrequent SMMA meetings
- First 'heavy mining' application in region causing additional uncertainty
Melbourne, Victoria, Australia--(Newsfile Corp. - December 16, 2024) - The Board of Besra Gold Inc (ASX: BEZ) (Besra or the Company) refers to its Management's Discussion and Analysis document lodged with ASX on 28 November 2024, wherein Besra provided details of the status of the renewal of Jugan Concession (ML 05/2012/1D).
Besra confirms that the renewal application process requires obtaining approval from the State Mining Mineral Authority (SMMA). Meetings of the SMMA are held infrequently and are Chaired by the Premier of Sarawak. Whilst Besra is of the view that its renewal application will be included in the agenda of the next SMMA meeting, confirmation of the date of that meeting has yet to be received.
This renewal is the first "heavy mining" ML considered by the Sarawak authorities for some time, who deal primarily with quarry-scale activities. Accordingly, the timetable for renewal is not as predictable as counterpart applications made in, for example, Australia.
Expeditiously following the renewal of ML05/2012/1D, North Borneo Gold Sdn Bhd (Besra's Malaysian subsidiary) will apply to be the registered holder of the Concession, replacing Gladioli Enterprises Sdn Bhd (Gladioli) who is presently the registered holder.
Besra wishes to clarify that its relationship with Gladioli is strictly contractual and pertains solely to matters associated with Besra's gold mining concessions. Besra is not a party to, nor involved in any capacity with, Gladioli's dealings with the Government of Sarawak.
This announcement was authorised for release by the Board of Besra Gold Inc.
Michael Higginson
Director and Company Secretary
North American Contact:
James Hamilton
Investor Relations Services
M +1-416-471-4494
E jim@besra.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233981
FAQ
What is the current status of Besra Gold's (BESAF) Jugan Concession renewal?
Why is Besra Gold's (BESAF) mining license renewal process taking longer than expected?
Who will be the registered holder of the Jugan Concession after renewal for BESAF?
What is the relationship between Besra Gold (BESAF) and Gladioli Enterprises?
