(MENAFN- ProactiveInvestors - N.America) Cancana Resources Corp. (CVE:CNY) and Ferrometals BV's Brazil Manganese Corp. extraction permit, which includes the Ademir Calefornia prospect, has been published, the companies said on Tuesday.
The publication is significant as Ademir Calefornia is believed to be one of the more prospective colluvial areas currently identified by the company.
BMC made a special application and received an extraction permit (Guia licence No. 886303/2009) to mine 30,000 tonnes of manganese oxide material from Guia, which is significantly more than the standard extraction permit allowance of 6,000 tonnes.
The news follows last month's update from the joint venture that it had increased production capacity at Brazil Manganese Corp. Read more.
BMC's current production output total to Sept. 16, was 19,221 tonnes of manganese oxide product, which has already exceeded the total output from last year.
"We view this development as an endorsement of our continued transparent and inclusive dealings with various levels of government authorities," said Anthony Julien, president and chief executive officer of Cancana.
"We have worked for two years to build strong relationships and ensure that all relevant authorities have a comprehensive understanding of our operation and the associated confidence that BMC is meeting or exceeding its regulatory requirements in developing the Rondonia project into a regional centre for economic growth."
Cancana shares were up 2.4% at C$0.43 on Tuesday.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.