Lake Victoria mining awaits Tanzania

DAR ES SALAAM, Tanzania–Lake Victoria Mining Company is waiting for an appraisal of an environment impact report before being issued a license by the government.

LVMC wants to start an open pit gold mine operation at Kunanga 1, a location within the larger Kinyambwiga project area. The proposed project is near the town of Bunda in northern Tanzania.“The company and our contractor’s have worked very hard to complete this detailed report in a short amount of time, and I am very pleased that this milestone has been reached and that we are moving closer to the company’s goal of having our first gold mine in Tanzania,” David Kalenuik, the CEO and President of Lake Victoria said in a statement last week.In August this year, the mining firm completed and filed with the Tanzanian government the required Environmental and Social Impact Assessment Report (ESIA). Acceptance of the ESIA report is necessary before the government can move towards awarding a mining license.LVMC has also applied and been granted an additional 15 Primary Mining Licenses (PML’s), adjoining and covering the area immediately south and north of the current 24 PML boundary. These 15 additional PMLs include at least 2 new gold occurrences known as Kunanga 2 (K-2) and 3 (K-3). The area enclosed within the firm’s PML’s now totals 3.44 square kilometers.