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Further delay for Scots gold mine

BBC Published Jun 9, 2010 Reviewed Jul 1, 2026 ✓ Reviewed by citations.press editors
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Scotgold Resources raised more than £700,000 towards the mine's development after floating on the London stock market earlier this year.
more than 700000 GBP · Scotgold Resources
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Scotgold Resources which plans to mine gold near Tyndrum is facing a delay in getting planning approval.

The company first applied for approval from Loch Lomond National Park Authority more than a year ago and expected a decision this week.

However, the authority said information was missing and it could not make a full assessment of the likely effects of the development.

It has asked the company to submit more details before making a decision.

Scotgold Resources bought the abandoned Cononish gold mine in 2007.

Its parent company is Australian and has ploughed millions of dollars into the venture.

The site is known as a gold deposit but has never been commercially mined.

Earlier this year, Scotgold Resources floated on the London stock market and raised more than £700,000 towards the mine's development.

The Loch Lomond National Park Authority said a site visit to the gold mine would take place before any final decision was made.

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