Aguia (ASX:AGR) announces key development in Brazilian legal battle

February 03, 2023 12:40 PM AEDT | By Manisha

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Aguia (ASX:AGR) announces key development in Brazilian legal battle — Image source: © Ginasanders / Megapixl.com

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Highlights

Aguia Resources has been actively involved in a Public Civil Action (PCA) relating the environmental licensing for its Phosphate Project.

The PCA was filed by the FPPO against AGR and the State Environmental Protection Agency regarding Environmental Impact Assessment for Aguia’s Phosphate Project.

The trial court held a conciliation hearing on 02 February 2023.

The court has asked the FPPO to present in 20 days a final report on the environmental aspects that the FPPO believes should be adjusted in the environmental licensing.

ASX-listed multi-commodity company Aguia Resources Limited (ASX:AGR) today shared a significant development in the Public Civil Action (PCA) relating the environmental licensing for its Phosphate Project.

The trial court on 02 February 2023 held a conciliation hearing, where the court ordered the Federal Public Prosecutor’s Office (FPPO) to present a final report in 20 days. FPPO’s technical team is preparing a report on the environmental aspects that the FPPO believes should be adjusted in the environmental licensing. Also, the court ordered the parties to hold discussions on settlement proposals as to the other two pleas advanced in the PCA (additional public hearings and consultation of potentially affected communities). The parties have been asked by the court to submit the outcome in 20 days.

AGR shares traded at AU$0.047 midday on 03 February 2023.

More to come…

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