Mineral Lease Tenement Document
Approval of Hillside Mining Lease Proposal
On 29th July 2014, Minister Koutsantonis announced the Government’s decision to offer Rex Minerals a Mineral Lease for Hillside.
Rex were issued with a Mineral Lease Tenement document detailing 99 conditions under which the Minister was prepared to approve the mine. Rex were given three weeks to accept the offer, but subsequently requested and were granted two further extensions of time.
During this period, further negotiations and discussions took place between Rex Minerals and the Dept of State Development. This resulted in some of the original conditions being varied, new ones added and several others deleted.
A new offer was then made to Rex reflecting these modified conditions.
On 16th September, Rex accepted the new offer of the Mining Lease.