Europa Metals (EUZ) , the European lead-zinc explorer, highlighted to investors legislation regulating land use in the Castilla y León region, Northwest Spain. The rules establish clear rules and guidelines for the development of mining activities.
Regional President, Mr Juan Vicente Herrera Campo said: “the change in the law is completed in order to promote a better compatibility between rural land uses and the development of mining activities."
There is now a key distinction between mining activities. All projects are now divided into two groups; the 'Minería energética' group, governing all energy-based projects, and a group covering all other mining activities such as base, precious and industrial metals.
On 13 September 2018, Europa entered into a municipal consultation process to apply for a change in local land use to support the future development of the Company's wholly owned Toral lead-zinc-silver project.
Laurence Read, Executive Director of Europa Metals, said: “The new law provides Europa Metals with a clear path to progress Toral into potential future mine development working, within the requisite new regulations."
Each mining project will now be considered on a case by case basis. Each will be assessed upon Environmental and other stakeholder factors. Previously, applications were required at a municipal level in certain rural areas to change land use status in order to develop mining projects.
Laurence Read, Executive Director of Europa Metals, commented:
"This change to the relevant land use legislation establishes a responsible framework for assessing appropriate mine developments compatible with urban planning in the region of Castilla y León, Northwest Spain, based upon detailed environmental assessment work and stakeholder engagement.”
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