The fundamental stipulations of the Code are the ones referring to the separation of the operation of mines from the operation of quarries, the possibility to grant exploitation rights even in the absence of an approval from the owner of the mining land, separation of the status of authorizations (mining title
, concession, exploitation permit granted by the state) from the status of the mine police, which depends on the local authority (supervision, protection of goods and people etc.).
To date, Alufer has completed the Project BFS, the Social and Environmental Impact Assessment ("SEIA") and in September 2013, it was granted the Exploitation Licence (Mining Title
) for Bel Air Mining Ltd.
and industrial licence applications are being prepared for submission in January 2014.
The joint venture comprises the exploration, development and mining rights to a 386-hectare area within the company's mining title
in the Segovia-Remedios mining district in Antioquia, Colombia.
'Baobab is also very pleased to announce the approval of the environmental scoping report which, coupled with the completed Pre-Feasibility Study, forms the core documentation for a mining title
The mining title
is irrevocable and perpetual, provided its holder pays the dues in force (currently between ($US1 and $4 per hectare per year.