Trading
Symbol
AIM:
AYM
7 January 2025
Anglesey
Mining plc
(“Anglesey”
or “the Company”)
Parys
Mountain Mine Environmental Impact Assessment (EIA) Scoping Report
Approved
Further to
the Company’s announcements on 16 August
2024 and 29 October 2024,
Anglesey Mining plc (AIM:AYM), is pleased to announce that
Cyngor Sir Ynys
Môn/Anglesey
County Council has recently approved the Parys Mountain Mine
Environmental Impact Assessment (“EIA”) Scoping Report.
The North
Wales Minerals and Waste Planning Service, on behalf of
Cyngor Sir Ynys
Môn/Anglesey
County Council (the “Planning Service”), have provided detailed
feedback and commentary on each chapter of Anglesey Mining’s
submission and Anglesey is pleased to note that the Planning
Service have stated their broad agreement with the environmental
scope as presented by the Company. There is wide acceptance of the
scope of the overall methodology, how the company has characterised
potential impacts, and with the avoidance and mitigation of
potential impacts in areas such as Ecology and Biodiversity, Visual
Impact, Air Quality, Noice and Vibration, Labour and Working
Conditions and Human Health.
There are
three areas where there is not broad agreement and further work has
been recommended, namely: Ground and Surface Water, Cultural
Heritage and Traffic and Transportation. In each of these areas the
Planning Service have directed the company towards experts,
historically completed studies and other literature which is
readily available. This additional information will be made use of
by Anglesey to enhance and further refine the scope
presented.
With
regard to the Ground and Surface Water, the Company fully intends
and expects that the re-commencement of mining and processing
operations will have a net positive impact; this view is informed
by feedback previously provided to the Company by specialist
consultants on this topic. The recommendations made will be taken
on-board by the Company.
With
regard to Cultural Heritage, it is well noted that the scheme being
proposed will
not directly
impact any statutorily designated sites. However, as described in
the company’s submission, the site lies almost entirely within the
Amlwch and Parys Mountain Registered Landscape of Outstanding
Historic Interest.
The mining
and processing of metals and the logistical infrastructure to
support those activities, such that used for energy generation and
the pumping of water as well as the physical links to Amlwch Port
dominate the historical fabric of Parys
Mountain. Anglesey believes that the re-commencement of such
activities will add to the long history of mining and processing at
the site and thus, as reported upon by the Planning Service, will
intrinsically have a significant impact on the historic
environment.
In line
with the feedback received from the Council, the Company will
enhance the scope of its work to ensure that it can be clearly
demonstrated that the impact will be overwhelmingly positive, that
the historic character of the landscape is sustained, and that the
changes resulting from enacting the contemplated planning
application are well-informed.
With
regard to Traffic and Transportation, the Company will make
provision within its plans to conduct a full transport assessment
in line with the recommendations made.
As
previously noted, the Anglesey Mining team are committed to close
collaboration with stakeholders, communities, industry and supply
chain, particularly around minimising potential environmental
impacts and maximising economic development opportunities for local
communities.
Rob Marsden, CEO of Anglesey Mining,
commented:
“I’m
absolutely delighted that the proposed mitigations to potential
environmental impacts, put forward by the Company, have been
approved by Cyngor Sir Ynys Môn/Anglesey
County Council. I’m grateful to the North Wales Minerals and Waste
Planning Service for their diligence in forming their opinion of
the scope, and for the feedback that will make this project better
for all stakeholders. There are three areas where reasonable
requests for enhancements to the scope have been requested and
Anglesey Mining is happy to comply with those requests so that a
more informed planning decision can be made.
The
permitting objective of Anglesey Mining remains unchanged, that is
to make a planning application, that when enacted, will be seen to
provide economic returns to investors, job opportunities,
mitigation of the impacts to the environment and enhanced respect
for, and appreciation of, the mining heritage of Parys Mountain, thus earning us a social licence
to operate.”
About Anglesey Mining plc:
Anglesey
Mining is traded on the AIM market of the London Stock Exchange and
currently has 484,822,255 ordinary shares in issue.
Anglesey
is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS
deposit in North Wales, UK with a
reported resource of 5.3 million tonnes at over 4.0% combined base
metals in the Measured and Indicated categories and 10.8 million
tonnes at over 2.5% combined base metals in the Inferred
category.
Anglesey
also holds a 49.75% interest in the Grängesberg iron ore project in
Sweden and 12% of Labrador Iron
Mines Holdings Limited, which through its 52% owned subsidiaries,
is engaged in the exploration and development of direct shipping
iron ore deposits in Labrador and
Quebec.
For
further information, please contact:
Anglesey
Mining plc
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531
475111
Andrew King, Chairman – Tel: +44 (0)7825 963700
Davy
Nominated
Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679
6363
Zeus
Capital Limited
Joint
Corporate Broker
Katy Mitchell / Harry Ansell
– Tel: +44 (0)161 831 1512
LEI:
213800X8BO8EK2B4HQ71
