Karelian Diamond Resources plc expects to finalise two landowners’ compensation appeals relating to the development of a diamond mine at Lahtojoki in Kuopio Kaavi, Finland.
CONCESSION
The Finnish Land Court has set the date for 21 May in Kaavi, when it will also complete appeals on the mine boundary.
The Finnish mining authority TUKES, approved the mining concession and the National Land Survey conducted the process for ground rental compensation for the landowners.
“The compensation that was decided as a result of this process has been paid by the company,” said Karelian.
“Finalisation of land possession for the duration of the mine is a necessary and welcome step forward in relation to the company’s proposed development of the Lahtojoki diamond deposit.”
The diamond mine is expected to be the first in Europe outside Russia.
Karelian said that the Lahtojoki diamond deposit contained “high quality colourless gem diamonds” as well as pink diamonds and other coloured diamonds.
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