Arctic Gold AB (ARCT): Formannskapet in Kautokeino approves Planprogrammet (the mining plans)
Arctic Gold's request for the municipal government of Kautokeino to process the company's application with a modified Planprogram has resulted in formannskapet (a political advisory committee) voting in favor of Arctic Gold continuing to work with the impact studies for the mining operations in Bidjovagge. This decision is a recommendation to the municipal government which will decide on the issue at the meeting on October 3, 2012.
Formannskapet voted three votes to two in favor of allowing Arctic Gold to continue the work with the mining plans in Bidjovagge.
The Chairman of the municipal goverment , Klemet Erland Hætta (the Samerfolket party), the Vice Chairman Hans Isak Olsen (the Fastboendes party) and director Inger Marit Bongo (Arbeiderpartiet) want to confirm the established Planprogram so that Arctic Gold can start the work with the impact studies and draw up a Reguleringsplan for the Bidjovagge area.
We have all along had the viewpoint that the planprogram should be carried out. As the interested party now has reduced the area, and included the impact on the surrounding society they have now met the requirements from the municipality, says vice Chairman Olsen (http://www.altaposten.no/lokalt/nyheter/article581846.ece).
Ann-Catharina Lango (Venstre) and Anders S. Buljo (Flyttsamelistan) voted against the proposition.
- It seems as if Arctic Gold's work so far with how our case should be handled has produced positive results, but it still remains to get the municipal governments approval of the established Planprogram, says CEO of Arctic Gold Lars-Åke Claesson.
For additional information please see our website with many links to media in the matter or contact the company CEO.
Lars-Åke Claesson
CEO
Arctic Gold AB
46 18 156423
46 70 6733294
claesson@arcticgold.se
www.arcticgold.se
Arctic Gold's business concept is to engage in exploration activities to discover and demonstrate commercially extractable gold and base metal deposits in Scandinavia. The strategy is primarily to carry out exploration work and either sell the project within a few years or to establish mining activities under the company's own control or through a partnership with other companies. Arctic Gold focuses mainly on the Bidjovagge project in northern Norway and current gold and base metal permits in Västerbotten and Norrbotten. Arctic Gold's shares are listed on NASDAQ OMX First North under the ticker ARCT. Certified Adviser is Erik Penser Bankaktiebolag. More information about company is available at www.arcticgold.se.
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