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Panthera Resources PLC weighs the impact of proposed new amendment to India s mining act

Panthera Resources PLC weighs the impact of proposed new amendment to India s mining act
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Investegate |Panthera Resources Announcements | Panthera Resources: MMDR Bill of 2021

  Panthera Resources Plc (AIM: PAT), the diversified gold exploration and development company with assets in West Africa and India, advises that the Government of India has introduced a new bill (MMDR2021) into the Lok Sabha, the Lower House of the Government of India s (GoI) Parliament, to amend the Mines and Minerals (Development and Regulation) Act of 2015 (MMDR2015).   As the bill has only recently been made available, the Company is yet to seek formal legal advice on its application to our investments in India and any comments expressed herein are merely preliminary.     In the event this new MMDR2021 act is passed by both houses of Parliament, the Company believes that it may have an impact on the Company s joint venture partner, Metal Mining India Pvt Ltd (MMI), in terms of its right to secure approval of its Prospecting Licence Applications (PLAs) for the Bhukia and Taregaon Projects in India.  

TRADING UPDATES: Capital in Anglogold pact; Round Hill valuation rise

TRADING UPDATES: Capital in Anglogold pact; Round Hill valuation rise Tue, 16th Mar 2021 20:40 (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Capital Ltd - Africa-focused mining services firm - Inks two new long-term three year contracts at AngloGold Ashanti Ltd s Geita gold mine in Tanzania. Pacts will generate revenue of USD65 million. Coro Energy PLC - South East Asian energy company - Says it has received valid acceptances for 37.2 million shares in open offer. San Leon Energy PLC - oil and gas producer in Nigeria - Says operations at OML 18 asset, Nigeria are low amid OPEC output restrictions. In addition, appropriate budget restrictions have been implemented which are designed to preserve cash, San Leon says. To receive USD98 million in three equal instalments beginning in July related to its investment in OML 18. Midwestern Oil & Gas Co Ltd, guarantor of the loan note

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